Stocks Soar Most Since COVID Lows, Gold Gags As Trade Policy Uncertainty Plunges

Investors sharply repriced their recession views on the back of the US-China trade truce...

Nearly 60% of respondents assign 30% or less probability of a recession hitting in the next 12 months. This is a sharp reversal from last month's peak bearishness, where nearly half of investors assigned a 50% or higher probability to a US recession in the next 12 months.