There are however three points that might suggest more interest from investors.
- Oil is slightly up, after hitting a low of $66 per barrel on Thursday. Energy stocks might benefit.
- Goldman Sachs is forecasting increased demand for oil and is confirming that the recession is ending. We know that the center of the economic universe is Goldman so this might be the most salient point.
- G20 countries are expressing the agreement to keep stimulus measures in place until economies are steaming. In other words countries will continue to pump taxpayer money into the markets, especially the USA.
Rally on. However its important to note that as economic data comes through the pipes today, investors may shift their attentions.
Reuters: Oil rises above $66; Goldman ups demand forecast
In a research note published on Friday, Goldman Sachs said range-bound trading reflected "the end of a recession" and maintained its oil price forecasts, but raised its forecast for global oil demand.Reuters: Stock index futures point to higher open
World leaders pledged to keep emergency economic supports in place until a durable recovery is secured...
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