Traders work on the floor of the New York Stock Exchange. Photo: New York Stock Exchange/ AP
Opinion
Opinion
Macroscope by Paul Podolsky
As Joe Biden takes over as US president, should investors bet on American or Chinese stocks?
The biggest risk to markets is a disruptive break in the existing order. A breakdown in the transition of presidential power would constitute such an event
While this risk has diminished, China’s opening of its capital markets and the promise of better relations with the US bodes well for its stocks