The consumer is rebounding fast due to several inflation-linked technicalities in January, while China is now obviously open for business. This should be fuel for equities despite all the bear-porn out there, but also worrying from an inflation perspective.
Something with your Espresso: Even the Tesla is alive again
Today is a big day for the “rebound bet” as PMIs are out in Europe and in the US. We understand why markets expect a rebound in activity but find the risk/reward lackluster in betting on it.