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markethigh
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The S&P 500 has just smashed through the 7,500 mark for the first time in history, adding an incredible $10.9 trillion in market cap over just a month and a half, all thanks to the "Beijing thaw." The catalyst for this rally was Trump's statement following his meeting with Xi Jinping: China has pledged to halt military aid to Iran and help unblock the Strait of Hormuz.
For the market, this is a signal that the energy shock might be coming to an end, which technically justifies the insane surge in indices, but fundamentally turns the S&P 500 into a hostage to the geopolitical vibes of these two leaders.
#SP500 #TrumpXiSummit #MarketHigh #Geopolitics #Oil
For the market, this is a signal that the energy shock might be coming to an end, which technically justifies the insane surge in indices, but fundamentally turns the S&P 500 into a hostage to the geopolitical vibes of these two leaders.
#SP500 #TrumpXiSummit #MarketHigh #Geopolitics #Oil
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