The markets are an incredible aggregator of information. The corona crisis has denied grist to the mill. With so many unknowns, it is as if investors latched on to the US fiscal debate. A camel, it is said, is a horse made in committee, and so too with the laborious legislative process of the American …
The US-China trade conflict and then US-Iran confrontation distracted investors from the macroeconomic drivers of the capital markets. It is not that there is really much closure with the exogenous issues, but they are in a less challenging place, at least on the surface. A Chinese delegation, led by the Vice-Premier Liu He, who spearheaded …