While U.S. markets are extending the rally from Wednesday, China too is now trying to join the party.
The Chinese government released a big slate of solid growth figures for November, and then the People’s Public Bank of China initiated some historic stimulus efforts.
And the good vibes coming out of those stimuli are honestly just bolstering the rally we’re seeing in the U.S. as it signals we may avoid the systemic risk of a deep recession in China slowing down the rest of the world economy.
The main question is: can bull sentiment hold as we push toward recovery?
There’s a lot to like in the market today, so let’s unpack the headlines that will have the most lasting impact as we try to plan for whatever market 2024 will bring.