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Inside knowledge of vaccine or cure for Covid-19?

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Markets are cruising upwards for no apparent reason, totally ignoring the growing unemployment rates across the world and business failures. Thus, ignoring all fundamentals. Extrapolate out share buybacks and cancellation of dividends and stock markets would be much lower than what it was pre-Covid19 bear market.

I just can't see why the markets are rebounding unless some have inside knowledge of a vaccine or cure in the pipeline in the very near future. Anyone has a rational argument for the rebound in the stock markets?

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Or maybe the (start of the) plateau in death rates in Europe has convinced investors that the end is in sight?

Today is only one datapoint, and the day is young! Wait for a trend.

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1 hour ago, Eurobonus said:

Markets are cruising upwards for no apparent reason, totally ignoring the growing unemployment rates across the world and business failures. Thus, ignoring all fundamentals. Extrapolate out share buybacks and cancellation of dividends and stock markets would be much lower than what it was pre-Covid19 bear market.

I just can't see why the markets are rebounding unless some have inside knowledge of a vaccine or cure in the pipeline in the very near future. Anyone has a rational argument for the rebound in the stock markets?

The markets rebounded simply because there was no new bad news, everything that could be shut down had been shut down, so the market started to look towards the end of the shut down. Soon business will restart and begin hiring again. 

The market is not the economy, it's a front running discount mechanism for the perceived future economy. Currently it's consolidating while waiting for lockdowns to end and will look to rise as death rates reduce bring the end of lockdown closer.

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4 minutes ago, Caseynotes said:

The markets rebounded simply because there was no new bad news, everything that could be shut down had been shut down, so the market started to look towards the end of the shut down. Soon business will restart and begin hiring again. 

The market is not the economy, it's a front running discount mechanism for the perceived future economy. Currently it's consolidating while waiting for lockdowns to end and will look to rise as death rates reduce bring the end of lockdown closer.

Bojan Pancevski  @bopanc

#Austria will be the first European country to start exiting the #coronavirus lockdown already on 14.04, with a plan to fully restart the economy on 01.05., according to @sebastiankurz

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Trading Floor Audio @TradeFloorAudio

3m

Germany draws up plans to relax lockdown after April 19 ... RTRS Germany has drawn up a list of steps to help enable a phased return to normal life after its coronavirus lockdown is set to end on April 19.

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There is just one major issue. Countries which have been in lockdown reopening their borders will import cases like what has happened in China, Japan, South Korea and Singapore. Japan is expected to call a National Emergency very soon. So how can the global economy recover quickly as 2nd and 3rd wave spikes will occur. Any chance of travel picking up to anywhere near pre-Wuhan virus pandemic? I certainly can't see that the global economy can recover quickly.

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