Join institutional investors, analysts and strategists from the world's largest banks: Subscribe today
Already have an account? log in
100,000, Phoenix From The Ashes, And The China Sanctions Threat
Cyclicals led a rousing post-Memorial Day surge in US equities, as a combination of reopening optimism and likely short covering/ forced buying, pushed stocks sharply higher, much to the delight of a delirious-sounding Donald Trump.
"Stock Market up BIG, DOW crosses 25,000", the president proclaimed, for anyone who might be too busy prioritizing bills or dealing with some other COVID side effect to notice that equities were building on gains. "States should open up ASAP", Trump went on to insis
China knows there’s an election in November. I hope their patience doesn’t run out while waiting to see if there will be a new leader they can talk to and hopefully we can step back from the edge and maybe even reach some workable solutions.