‘Exactly What We Don’t Need’: US-China Escalation Threatens To Derail Stimulus-Fueled Rally
A new, and potentially serious escalation on the geopolitical front put risk assets on the back foot early Wednesday in the US, although stocks eventually recovered to close higher.
Perhaps the forced closure of China's Houston consulate will be the post-pandemic equity rally's first real test. Perhaps not. "We'll see what happens", as Donald Trump would say.
It's not good news, that's for sure. "This is only the latest escalation in a series that will end up in a crash for relations, for Hong
Meanwhile, an international team of astrophysicists announced that an asteroid comparable to the Chicxulub impactor was found to be on a direct path to hit earth in the coming months. After suffering severe losses in the first five minutes of trading, equity markets staged a rebound and ended higher, looking past the impact to a V-shaped recovery aided by an expected massive infusion of liquidity by the world’s central banks.