The S&P 500 Continues to Climb The “Wall of Worry”
Currency devaluation, purposeful or not, causes panic around the world. We’ve seen such concerns regarding the devaluation of the Chinese yuan in recent months. Such devaluation causes imbalances in trade and hyperinflation possibilities, otherwise making it more difficult for the correlated debt of the currency to be repaid. Therefore, contagion concerns spread from the currency…
