Global stocks rally to record highs; gold gains

Wall Street was boosted by U.S.-China trade optimism and gains in Amazon.com after a report signaled robust online holiday sales.

The S&P 500, up 29% so far this year, is less than four-tenths of 1 percentage point shy of its best annual gain since 1997. Recession fears scuttled capital expenditure plans during much of 2019, but strong employment and signs of an improving global economy suggest that will change next year. A spokesman for China’s commerce ministry said Chinese and U.S. officials are in close touch and going through necessary procedures before signing a Phase 1 trade deal.Gold has been on the rise recently as a hedge against potential inflation, dollar weakness and increased equity market volatility in 2020, Abbasi said.

I should hope so, they are pumping billions and billions into it every single night.

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Huawei attacks Wall Street Journal for report on $75bn China state aid - Business InsiderHuawei freaked out at The Wall Street Journal over a report that it secured its global tech dominance on the back of $75 billion in state support from China So Huawei is directly financed by the state huh... Well that further solidifies the allegations... Huawei obviously is doing political mission for its boss, CCP. It is no doubt. Are still using Huawei? Please be careful of your personal data. China_is_terrorist What CCP has done is arousing public contempt and anger around the world. BoycottChina China_is_terrorist
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