May 18, 2020
Global Tensions Are Rising Again
He added that the U.S would "save $500 billion" if we "cut off the whole relationship" with China.
The rapid change in relations between the world's two largest economies may have a significant impact on the stock market and commodities. If tensions rise, Apple and Alibaba could be impacted strongly. Alibaba is scheduled to report earnings this week on the 20th.
Escalation of the tensions between U.S and China and rise in infection cases might put downside pressure on the stock market and oil prices. On the other hand, good news about antiviral drugs or vaccines and reopening could cause a massive move to new highs in stocks and oil.
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