What explains investors’ enthusiasm for risky assets? | The Economist

What explains investors' enthusiasm for risky assets?

There may be more sense to recent market movements than you think

EVEN IN NORMAL times, there is an element of drama to the markets. The oil price may spike or slump in reaction to a geopolitical wobble; bond yields may leap on strong jobs figures; and shareholders may pump up a stock that posted juicy profits. But 2020 has taken the drama to an extreme (see chart 1).

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