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What Could go Right and What Could go Wrong at the G20
The global markets including equities, bonds, commodities, and especially currencies (ex Bitcoin) are relatively quiet ahead of the big G20 meeting with the main event being the Trump Xi meeting on Saturday (late Friday night in the US). This will be a different meeting from the December meeting when both were very cordial and did I mention there were no tariffs or Huawei situation yet? And recall China and Hong Kong indexes had been in a year long really bad bear market with a slowing economy. Today those indexes have improved well off the lows and the US markets have too, the US economy is showing some signs of weakness AND the Fed has changed direction to an easing bias.