As far as tributes go, China gets Hamburg port 24.9% equity stake, a full mini-copper production line transplant from Oxford UK, and BASF €10 billion Verbund project.
The Chinese will at minimum, flip the LNG contracts from US at smaller markups before this war ends. And perhaps Siemens can...
Dow is industrial therefore a good indication of large stable cash flow businesses. When you look at NDX, those are high growth stocks which are financed by cheap rates. SPX is mixed. As long as employment numbers are good, the rate can go up.
My broker system doesn't allow me to go short after Powell left. What's up with that? Probably temporary spike in margin requirements, which I have plenty.
Anyway, net positive today, can't chase every penny.
Anyway, in the grand scheme of things, the pipeline can be rebuilt fairly easily. European banks are debt financers, wonder if they are willing to write off the investment.