Stock Markets and “alternative facts”! Video outlook (german)

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.

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