China’s Hang Seng Index DOWN -6.36% This Morning, S&P 500 UP 1% (Egg Prices UP 97%)

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%!