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Johnson told Douglass he expected China would not be at the top of Biden’s agenda and he would be more likely to conduct discussions in private.
“The incoming team have similar concerns on democracy and economic patterns of behaviour about China but they have less focus than the outgoing presidency on the fact that is a Soviet-style competition that undermines our society and democracy, I don’t get the sense that they have that existential feel. That will translate into more discussions behind the scenes rather than in public, better co-ordination and more stability between the two nations,” Johnson said.
The Straits Times
The world’s infatuation with all things digital may be superseded by more pressing challenges
In the United States, the best-performing stock market sectors in 2020 are technology and consumer discretionary.PHOTO: BLOOMBERG
Andreas Deppeler
PublishedJan 24, 2021, 5:00 am SGT
https://str.sg/JK3G
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Bank of America s Bull & Bear indicator showed sentiment climbed on a 1-10 scale to 7.1 last week from 6.7 on December 17.
This prompted Bank of America s chief investment strategist, Michael Hartnett, to say in a January 7 note that investors were rationalizing increasingly irrational price action on Wall St.
Hartnett laid out six warning signs to watch that could signal a bear market is beginning.
Investor sentiment has climbed from rock bottom in March to what is now approaching extremes on the other end of the spectrum and it s starting to worry Bank of America s top strategist.
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