Klaas Knot, a member of the Governing Council of the European Central Bank (ECB) and governor of the Dutch central bank, said on Sunday that the current rebound in stock markets can be attributed to growing expectations of economic recovery.
Key Comments:
“Definitely we see high ratings”.
“The stock markets could be anticipating the launch of vaccines and the reopening of economies. We could be entering the roaring twenties, we don’t know. “
“Plus, interest rates are low, which is important for stock valuations and leads to higher stock prices. “
“If this turns into a race between individuals and professional investors, it is clear who will suffer in the end: the little investor“.
“2021 will probably have two faces. Vaccines provide the prospect of a way out of this crisis and a much better second half of the year“.
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