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What happened to the anticipated recession? The sudden rebound of the US stock market has caught fund managers off guard.
The news of the postponement of tariffs between China and the USA has led to a frenzy in American Assets, resulting in heavy losses for investors betting on a recession in the USA. Many Institutions were forced to close short positions, further driving a sharp rebound in the US stock market and the dollar. Analysts warn that the optimism surrounding trade may be overestimated, and the damage from the conflict to the USA economy has not fully manifested.
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