Here we go again

  • Markets are having a rough time after Europe practically gave up on the whole idea of economic momentum for the time being and Tariff Man said he won’t meet Chinese President Xi Jinping before the March 1 expiry of the current truce.
  • Oh, and the trade cease-fire between the U.S. and EU? That’s not looking too good either. Net result: An already dubious rally is facing that familiar existential crisis.
  • Does Jerome Powell have the stock market’s back? Does easy money even work? All we know is it’s a good time to be in bonds.

(Source: Bloomberg)