Maybe last week’s pause refreshed the market a little.
There’s a positive tone on Wall Street early Tuesday following Monday’s late recovery. Crude continues to advance, and that seems to be providing the fuel. With the exception of Japan, overseas indices all advanced overnight and some of the “horsemen of risk” like bonds and gold retreated.
So what’s going on here? There’s a line of thought that strength in crude reflects hopes for growing energy demand as some U.S. states start to reopen. California is the latest, though it’s just taking a few steps like allowing curbside pickup at…Click for full article.