There were relatively few economic data or corporate announcements this week. The US came within a hair’s breadth of clearly carrying out an act of war against Iran.
And the global stocks rose 2.25% during this week, with the US S&P500 index finishing Thursday back at its all-time high.
Markets have regained a form of optimism; the combination of low growth expectations but a renewed confidence that the central bank gods will act and that their powers are undimmed.
Markets took a turn for the better on Tuesday when Mario Draghi gave his keynote address at the European Central Bank Conference in Sintra, Portugal. It was another version of the “whatever it takes” speech;