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Tech Rout Goes Global, Sinks Hong Kong Shares In Wednesday Bloodbath
The robot carnage on Wall Street predictably spilled over into Asian markets on Wednesday. In addition to the multiple idiosyncratic stories (e.g. Facebook, Twitter, Nvidia, etc.) reports that the Trump administration is pondering a crackdown on Chinese investment in technology are not helping - at all.
Notably, the VXN/VIX ratio is now back to 1.3, rebounding from the dip lower in early February which was of course almost entirely attributable to the blow up of levered and inverse VIX produc
Pop, pop, pop one stitch at a time. The bond buying in the US yesterday was insane, back and forth goes the safety money, buy the dip, sell the dip what the fu*k do I do, oh my. The Fed is losing the short end of the curve and is out of control. A prop? or is safe $$$’s coming in? Dot com? Housing bubble? sure looks similar to me.