RE: Iag8 Jul 2020 09:56
Future, markets are ahead looking. AnNeither ramping or de-ramping. Play it as it goes. It changes views and direction. The best traders/investors are those that call correctly, most are buying so trying to talk up, some purely pinning the tail on the donkey. This applies the other way.
To answer your question, the market was looking at the chart around the world of diminishing infections/deaths and curve direction in anticipation of opening up, so buying in anticipation. Now the bridges are in the know so in the price and fall short with mostly Europe and around +50 countries. Market was anticipating more, so a bit disappointed. However in numerous place an extension and increase in some countries esp USA and long haul where it is the most profitable for AIG., and possible 2nd wave/winter. Now it is not so clear. I hope it goes some way to explain. I am not here to argue or anything. All the best to all short or long, correct call is the best call.