Global stock market trends are facing double challenges😲
While Chinese stocks sold off on continued pessimism about the local economy, U.S. stocks also declined as higher interest rates began to once again cause concern among equity investors, especially given the 10-year real interest rate (inflation-adjusted) (after) and SPX 12-month forward P/E multiples remain very wide; SPX futures hit one-month lows yesterday, with regional banks (-3%) and energy (-2%) particularly hard hit, starting from Technically, futures should find support around 4450, especially with the current bearish China sentiment feeling a bit overdone, however, the long-term direction will likely depend on where long-term bond yields go and whether we Another special case of “defeating the panic” in the fall.
