Whelp
US to pull out of WHO
US to remove some special preferences for Hong Kong
US to suspend entry for some Chinese nationals
The UST 10YR reflects this increased volatility but equities jumped seemingly on these announcements...what? And the VIX is comfortable as well. Oh and consumer spending dropped 13.6% in April...
Certainly looks like we're moving towards increased hostility with China. This will be.......interesting. I don't think the average american is aware of how impactful this move will be on Hong Kong and US/China relations.