Donald Trump is facing a difficult decision! China is now demanding more and more loudly and vehemently that not only all planned US tariffs be cancelled, but also that all or many of the previously introduced punitive tariffs be reversed (as the Global Times said tonight). This puts Trump under pressure. He absolutely wants a deal to remove a major obstacle on the road to re-election. But on the other hand he cannot meet the demands of the Chinese without “losing face” in domestic politics. The US stock markets are still euophoric (Fear & Greed Index at 89!) and overbought. If the long-priced in Phase 1 deal doesn’t come, a major setback threatens.
Yesterday, a statement by Donald Trump, previously published by the US financial broadcaster CNBC, led to strong movements in the markets, followed by dollar strength. A few minutes ago, the broadcaster published the interview in […]
In the trade war the news becomes more and more absurd! Today the Chinese media report that they agree to reach an agreement. It can hardly be more absurd. On closer inspection, however, there is […]
Are the stock markets now slowly approaching reality? And are they thus awakening from their liquidity rush? The stock market rally was based on facts (massive liquidity provided by the central banks) and above all […]