In China: Euphoria

In China: Euphoria

Well, suffice to say mainland shares are excited about Donald Trump's decision to extend the deadline on trade talks with China. If you were quickly scanning your screens on Monday morning, you'd have been forgiven for thinking someone had made a mistake. Because it's not often that you see the CSI 300 surge 6% in a single day. But that's exactly what happened on Monday on the heels of Trump's late Sunday tweet proclaiming "substantial progress" on a variety of issues, including key structural
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3 thoughts on “In China: Euphoria

  1. Fake news. Chinese accounting, that is. In fact, and let me make this clear, you can’t trust ANYTHING the Chinesers say. For example, a billion? My big fat hairy orange ass. In reality, the population of their country is only 22 million, and a small dog called ‘Bowser’.

  2. Interesting how the VIX is responding to this “euphoric” news. Last time the SPY and VIX were positively correlated to the upside for multiple days: late Jan/early Feb 2018. And that was a fun ride.

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