Marketmind: Stocks break higher, but for longer too?

© Reuters. Passersby wearing protective face masks are reflected on a stock quotation board outside a brokerage, amid the coronavirus disease outbreak, in Tokyo, Japan November 10, 2020. REUTERS/Issei Kato/File photoAsian markets are set to open higher on Tuesday as investors look through developments in the Middle East and rising geopolitical tensions, and take heart from an otherwise more benign U.S. economic and corporate backdrop.

The greenback's broad decline on Monday should also help lift risk appetite across Asia on Tuesday, and Wall Street's rally will give investors food for thought too. It's a bold call. Or perhaps not, if you buy this scenario: the Fed is done raising rates, economic data points to a 'soft landing', the worst of the earnings slowdown is behind us and the 2024 outlook is indicating double-digit earnings growth.

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