STO 0.13% $7.66 santos limited

President want to be reelected for second term, and he sees the...

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    President want to be reelected for second term, and he sees the equity markets as a barometer of his chance of reelection.

    He will go all in to prop up the markets and crude oil. We should be good until election time.

    However, we will know in the next week or so, if we will get a second wave of Covid19 infections in Europe and US.
    If a second wave of infections will emerge, all bets are off.

    Will keep our eyes on the pendemic developments, while countries are opening up again.
 
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