Deutsche Bank AG (NYSE:DB) (ETR:DBK) has published a very interesting chart that shows just how little worried investors were during the U.S. federal government shutdown. The bars indicate the YTD returns, and the markers indicate market returns since the government shutdown began on October 1.
There has not been any shying away from equities, and gold declined even further on the year.
Baupost’s Seth Klarman: the Fed has broken the stock market [Q4 Letter]
Baupost founder Seth Klarman told investors that the large amounts of stimulus that have been poured into the world's economies are masking the severity of the problems caused by COVID-19. Q4 2020 hedge fund letters, conferences and more In a letter seen by the
Via Floating Path