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Showing posts with the label China slowdown
NASDAQ blows out to all time highs, while China falls into a deep recession. Bitcoin and Crypto remain a 'BlackRock' underwrite (stuck at 60K+) hedge for the pensions funds and U.S. president's, the oil price is caught between a China slowdown and a looming Iran/Israel war. Short end bond yields are up, as inflation appears to be returning. Did it ever go away?
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Stock markets are surging on the back of China's 'nth time' stimulus package, as large as the 2020 pandemic money dump. Pointing towards stimulus programs in the West about to rev up, starting with central banks cutting rates. All this with core inflation still stuck.
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Oil crashes 2% to $76, then rallies back over $78 as the push and pull of a China slowdown versus Middle Eastern conflict/s. Oil stays bid over $78.
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