After a tremendous rise over recent months, stocks saw the greatest one-day decline since mid-March.
Intermediate and long US yields have risen significantly in recent weeks, primarily in response to monetary policy and better-than-expected jobs numbers, but remain well below pre-COVID highs.
The European Central Bank’s (ECB) additional monetary stimulus appears synchronized with the European Union’s planned unified-fiscal policy expansion.
The rebound in stocks continues to impress. Recent market gains have been aided by optimism surrounding the reopening of the economy and the potential for a vaccine.
The National People’s Congress (NPC) is by far the most critical policy meeting in China.
As the origination point of the COVID-19 outbreak, China is facing growing backlash.