Over the last few days and weeks, stock markets have repeatedly shown a pattern. Prices (via US futures) are usually pulled up towards the end of Asian trading, so that Wall Street then opens with an upward gap. This optimism is then justified by hopes. For a vaccine, for stimulus, for the end of the lockdown or whatever else fits the pattern. During the US session, usually nothing happens at all. So that the stock markets are pulled up as if by magic. Coincidence – or manipulation? Meanwhile, the conflict between the US and China on the Hong Kong issue is intensifying and the Yuan is devaluing significantly.
Wall Street yesterday, the last day of the quarter, with profits. Allegedly due to new hopes of a deal between the US and China. Presumably this is simply window dressing, a biting comment by Donald […]
There is still a hanging game on the markets. They are waiting for Donald Trump’s decision on punitive tariffs against China. According to a report in the Wall Street Journal, the delegations of the superpowers […]