Mid-Market Update: Stocks fade Putin’s positive comment, Chinese ADRs, Sentiment slides

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Mid-Market Update: Stocks fade Putin's positive comment, Chinese ADRs, Sentiment slides

US stocks tentatively rallied after n President Putin saw "certain positive shifts" in talks with e. Investors are cautiously buying risky assets as we've seen this movie before over the past couple of weeks...  signals an openness for talks and then shortly after their military has made further advancements or repositioned themselves. n airstrikes across Western e and troop movements are raising concerns that another attempt at Kyiv, the ian capital, could happen in the coming days.

Equities quickly gave up earlier gains as the West appears poised to continue deliver more pressure on the n economy.  President Biden urged all allies to suspend normal trade with , with the US banning many imports of .

China ADRs

Chinese tech stocks have had a rough patch over the past couple of years dealing with trade wars, COVID-19, China's tech crackdown, and now delisting fears.  It looks like Chinese stocks could see more investors abandon ship as human rights issues might draw more attention following the war in e.  What is also complicating investor appetite for exposure to Chinese stocks is Beijing's relationship with the Kremlin.  If China shows they are offering favorable conditions to the ns, global investors will likely expect swift action from EU and US leaders, which could make life harder for many Chinese stocks.

US Sentiment

The preliminary Michigan consumer sentiment index dropped from 62.8 to 59.7.  Sentiment is in freefall as Americans grow worrisome over surging widespread price increases and over economic growth concerns.  Next month's report will likely be much worse.

Source: Mid-Market Update: Stocks fade Putin's positive comment, Chinese ADRs, Sentiment slides