There is big trouble in big China. And the US economy too.
China’s Hang Seng stock market index is DOWN -6.36% this morning.
On the flippity-flip, the US S&P 500 index is UP over 1% so far this morning, mostly on big tech earnings expectations. And likely Fed pivot on interest rates.
Will Biden pull a Reagan and tell The Fed and Powell to “Mr Powell, tear down that excessive Covid stimulus”? I can’t believe that I used Reagan and Biden in the same sentence!!
Instead, Biden is pulling a Frank Reynolds and offering us an EXPENSIVE egg in these trying times. Egg prices up 97%!