Daily Price Movement / General Discussion, page-29713

The funny thing is none of the news headlines will mention the approx. 1.3% rally across the US indices that kicked in at about 3.15pm NY time, for the simple fact that many experienced investors know:
- The Chinese Govt will work with Evergrande to ensure an orderly debt restructure - this is a government that manages to control 1.5 billion people and much of their economy - they were never going to sit back and just let decades of process go up in smoke.
- After some posturing Congress will agree on legislation and come to a compromise on the debt ceiling.
- The Fed Reserve will undertake highly expected and arguably priced in actions in regard to tapering, which will be done in a controlled manner.
- The millions of people continuing to be vaccinated every single day will reduce the impact of Delta variant in the coming months.

Luckily none of these four have a material impact on the business of a predominantly US-focused fintech company.