After more than 2 months of unstoppable growth, US stocks faced resistance. The S&P 500 has hit new record highs nearly every day since May, but has retreated 2.2 percent over the past two days. The VIX index, which measures market volatility or fear, hit its highest level since late April.
The negative sentiment was maintained in other markets as well: yesterday European stock indices fell by 0.2-0.4 percent, and this morning almost all major Asian indices recorded a fall. About 2 percent separated the most. the Hang Seng index fell, investors were disappointed after the Third Plenum of the Chinese Communist Party passed without major news.
It's hard to admit that you're getting older. In the ranks of the US Democrats, there is no silence in encouraging Joe Biden to withdraw his candidacy for the 2024 elections. Although pressure to withdraw has been building since the presidential debates in late July, Biden and key people on the team have publicly announced that the fight is on and the president will not withdraw. However, in recent days, rumors and reports have been increasing that Biden's main supporters, including former President B. Obama, are proposing to seriously reconsider the chances of winning. According to news agencies, powerful member of the House of Representatives Nancy Pelosi is telling her Democratic colleagues that Biden could soon be persuaded to leave. According to RealClearPolitics, the incumbent's chances of becoming the Democratic nominee are at a record low of 13 percent, while Vice President Kamala Harris has emerged as the front-runner at nearly 60 percent. Getting Biden out is not the only problem for the party – with Trump significantly increasing his chances of victory, the Democrats will have to work hard to have a realistic chance to fight for the presidency.
