Reasons why markets experienced unusually large growth yesterday
1 min readShares, commodities and cryptocurrencies yesterday afternoon experienced growth, which disturbed all forecasts of urgent fall. Most likely, the news is that coronavirus spread in the US is coming under control. Analysts on Twitter also give some weight that Bernie Sanders give up the presidential election.
Shares and cryptocurrencies on Thursday rested from the constant hitting of an army of sellers trying to run into the US dollar.
US indices take a few percent. For example, Dow added 700 points, which is nobly said 7%. However, cryptocurrencies are not left behind. Their capitalization grew by $ 6 billion to $ 209 billion.
The rise followed shortly after democratic socialist Bernie Sanders had stepped out of his way to the title of president of the United States of America. It was aimed at a broad policy to support health and eradicate poverty. Such things would cost a lot of money that would have to be collected in taxes. His failure calmed the markets.
The second reason is that Anthony Fauci of the US National Institute of Allergy and Infectious Diseases said that coronavirus deaths will eventually not be as severe as expected. Many people, thanks to the slow reaction, but with full commitment, have to save themselves. Markets reacted by further strengthening.
