Some of it was just a bounce from the lockdowns, but there may also be structural changes that hopefully shift the economy to a faster lane. It’s not clear whether the western economy will keep this level of growth however. That may make European and US markets more appealing, especially in light of a fast growing economy and Treasuries now providing some return. Shanghai is seeing red instead, down 1.25%, as house prices in China continue to fall with Asia’s giant facing a downturn. US futures indicate green for today as well, by about 0.4%, on the back of a strong earnings season. Markets are green too with Europe’s Stoxx up 1.8% following a day of gains that saw Nasdaq up 2.15%. ![]() That’s still a higher low since January 24th as the crypto attempts to recover from a November plunge.
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