As most of us appreciate, that equities are a forward discounting mechanism. 

Take US Q2’20 earnings, which are set to fall -43.5% on revenues down -11.2% YoY. Yet since 1st April, the #SP500 has soared 21.6%.

It’s not expected to get much better either for the rest of the year https://t.co/WdPoDn0sGc