August just saw records after records, on US indexes (loaded with tech companies – which is not the case in Europe – this is why European indexes are lagging behind their US peers). It seems that negative real rates are the main reason explaining the levitation of the tech sector, alongside with hope for a vaccine, sooner rather than later (at least according to the news headlines).
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A step forward, a step backward
Stock markets are in levitation
A step forward, a step backward