Stock markets yesterday realized that Monday’s impulsive rally was based on “alternative facts” (a phrase used by Trump’s consultant Kellyanne Conway). This took the form of the alleged progress made by US pharmaceutical company Moderna in the development of a vaccine against the coronavirus. This means that the S&P 500 benchmark index is once again failing at the upper end at a prominent mark (between 2950/60). However, the Fed putt has a supportive effect. Meanwhile, the stock markets are still unimpressed by the ever-increasing rhetoric between the US and China. The focus is now on Taiwan. The world’s largest chip manufacturer TSCM from Taiwan stopped supplying chips to Huawei. So they are implementing the US ban ahead of schedule.
How US companies have squandered their future The USA has become the centre of the corona crisis with by far the highest number of coronavirus infected people worldwide. What will this mean for the US […]
What is currently happening on the markets is downright absurd regarding the scale of events! An economic system breaks down Why is that? Because an economic system that has existed for more than thirty years […]
Yesterday’s stock market rally has a nasty aftertaste. Shortly after the US pharmaceutical company Moderna announced that it had made new advances at an extremely early stage in the development of a vaccine. The company […]