Macro ESG Daily: Silver, USD, Chinese and US Equities, Social Media, Russia
Silver to outperform gold as this rally likely driven by offshore EM private wealth. US dollar weakness to continue as America’s frailties have been exposed by the George Floyd protests combined with by far the worst performance of any developed nation tackling the pandemic in terms of per capita infections and deaths while Europe is in the midst of building a cooperative democracy. China’s equity market bull-run to continue on Pompeo’s failure to build an international coalition. The key to US equities may be “buy the virus, sell the cure.” LSE’s Stern made a brilliant point today about the political inevitability of politics coming around to support a sustainable future within the next four years. www.macroESG.com #macroESG --- Send in a voice message: https://anchor.fm/macro-esg/message