Merger Arbitrage: A Strategy To Be Run By Connosoisseurs

The cautious move toward monetary normalization led by several central banks did not wreak havoc on markets. They find support from economic prints flashing green and a much healthier load of earnings announcements since last week. The election in Japan also helped, as well as the Chinese Party Congress. The absence of major shifts in Chinese policies, and a focus on quality and equality rather than quantity strengthen the case for a soft landing.