bullish market

Over in Turkey, where recent cabinet and central bank announcements have triggered bullish market views on the direction of the recently reelected administration under Tayyip Erdogan, the IIF is cautious and optimistic: they don't expect a "decisive pivot" to orthodox monetary policy until after municipal elections in 2024.

“The 8 trillion yuan surge in new household deposits in 2022 triggered some bullish market views that this ... would lead to a massive release of post-pandemic pent-up demand,” said Ting Lu, chief China economist at Nomura.

Its anticipated sale speaks to the still bullish market for art, antiquities and ancient manuscripts even in a worldwide bear economy.

Despite no-one being quite able to get a handle on what the metaverse is, there are some bullish market forecasts for what it may be worth.

"Of course, you want to have retail traders on the same exchange that you are when you're doing arbitration because you will have less smart money. When there's a bullish market, retail volume comes back," Xavier said.