Converge Market Update: Watershed moment for China as US equities reach record highs

January has been all about the broad pushback of policy makers and the economic data against the trend of lower bond yields that started in November. Central bankers have won the first round against investors that had hoped to see the first rate cuts from the Fed, ECB and BoE already in March.

However, the month-to-date advance of bond yields and the US dollar have not been able to dent the attractiveness of US equities, which continued to outperform their global peers, reaching a new all-time high this week.

At the same time, China is nearing a watershed moment, as policy makers are starting to get uncomfortable with the 40% drawdown in Chinese equities. Are we getting closer to the peak of US outperformance vs. Europe and China?  

Join Convera Macro Analyst Boris Kovacevic as he breaks down the latest in global markets.