Hello Mate
You mentioned the strange way the market recovered
This is due to birth quantitative easing..
The brain child of Ben Bernanke Governor of the Fed in the 2000's
From the theory of modern money mechanics
Pretty much means cranking up the printing machine
What we are seeing here is the same reaction from that policy in 08 when they bailed out the Banks and Leeman brothers collapsed.. 3++trillion
The share market is held up on printed money with no real wealth being generated.... for a better word it's Fake
Many people gage the economy on how well the share market is which is completely wrong...an illusion
Having the markets looking healthy is a sign of confidence and confidence is what leads to investment
As all of us here knows
No confidence...... No investment
The US economy has no corner stone right now with the crippling effect of Covid-19 the USA has been caught with it pants down
Some believe that it was only just coming right with true wealth generated after 08 and this happened
There is very little confidence in the US $ due to saturated money supply from years of quantitative easing ( printing money)
Hence the gold price of late.. which is a Natural reaction to economic turmoil
And no real wealth generated...
They (the Fed) needs and the market looking healthy because it gives off confidence to investors which returns confidence back in the $
I believe the $ is on the way out and a new monetary system is coming in the not to distant future..
The $ as been printed into oblivion and will never recover from the last 15 years of Qualitative easing and can't be sustained
It's happened to every Fiat currency thought history
But until that happens the only why to keep confidence in the $ is to have the markets business as usual..
But switch off the printing machine and it's all over..
it comes crashing down like never before
Nothing to fall back on.. just a pile of Debt
Enjoy the rest of the weekend all..
Once some of my $ is freed up I will be jumping on board...
(20min delay)