The behaviour of equity markets over the course of this extraordinary year has come close to matching the dictionary definition of levitation. The Trump trade war, spiralling fiscal deficits and public debt, pervasive geopolitical risk, the radical dismantling of the postwar international order, declining global growth prospects — all have failed to hold back the magical rebound after investors’ initial panic in April over Donald Trump’s erratic on-off tariff tantrum.
在这个不同寻常的年份里,股市的表现几乎可以用字典中的“悬浮”来形容。特朗普的贸易战、不断攀升的财政赤字和公共债务、普遍存在的地缘政治风险、战后国际秩序的彻底瓦解,以及manbetx app苹果 manbetx20客户端下载 增长前景的下滑——所有这些因素都未能阻止股市在投资者因唐纳德•特朗普(Donald Trump)反复无常的关税政策而于4月初陷入恐慌后出现的神奇反弹。