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Nervous Traders Fear New Wave Of Selling As Quant Questions Linger
Maybe the market crash was "fake news" - or at least that's what US investors are hoping.
Wall Street logged its best session since June 4 on Tuesday, bouncing emphatically off Monday's 3% wipeout in a session defined by optimism around purported PBoC "restraint".
Whether that optimism will prove to be misplaced remains to be seen.
China's central bank delivered a sharply-worded critique of Steve Mnuchin's move to label Beijing a currency manipulator, and you'd be naive to think we've seen
H. has written eloquently about the reflexivity around Trump’s trade war and Fed chair Powell’s “control” over interest rates, Occurs to me there’s a similar dynamic in play around Trump’s trade war and the performance of the market — i.e, Trump risks reelection (and tens of millions of dollars in legal fees) if he pushes his trade war too far. Right?