Beware “The Shanghai Death Cross”

Those who follow markets closely know that one of the most disturbing disconnects in the world of risk assets is the divergent fortunes of Chinese stocks.

Simply put: Chinese equities are saying something completely different than their counterparts across the world:


Part of that discrepancy is likely attributable to Beijing’s efforts to rein in leverage, but on Wednesday night we ask: “is it about to get worse?“…



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