A pedestrian bridge features a stock index display in Shanghai. Photo: EPA-EFE A pedestrian bridge features a stock index display in Shanghai. Photo: EPA-EFE
A pedestrian bridge features a stock index display in Shanghai. Photo: EPA-EFE
Steve Donze
Opinion

Opinion

Macroscope by Steve Donze

China’s post-pandemic lesson for the world: as stimulus slows, the party winds down for stock markets

  • China’s post-pandemic experience holds lessons for investors elsewhere: after monetary stimulus peaks, a squeeze on stocks’ multiples is likely to play out in developed markets too

A pedestrian bridge features a stock index display in Shanghai. Photo: EPA-EFE A pedestrian bridge features a stock index display in Shanghai. Photo: EPA-EFE
A pedestrian bridge features a stock index display in Shanghai. Photo: EPA-EFE
READ FULL ARTICLE
Steve Donze

Steve Donze

Steve Donze is senior macro strategist at Pictet Asset Management.