European markets rebounded strongly yesterday, with the FTSE100 reversing all its Monday losses, along other markets in Europe, which also did well.
While some elements in government seem only too keen to lock down their populations, there does appear to be growing pushback for reaching for the lockdown lever every time things get difficult when infection rates start to rise.
It is slowly being recognised that lockdowns are a crude tool which inflict considerable economic, social and mental health damage, which some in government thankfully appear to be slowly beginning to recognise, and yesterday’s market rebound appears to be a reflection of that realisation.
There is also the additional factor that this reluctance to impose new strict lockdown measures this side of Christmas, might be down to the fact that even if restrictions were imposed there is little likelihood, they would be observed by increasingly pandemic weary populations.
Of course, that doesn’t mean we may not still see limited new restrictions announced in the days and…
