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‘El Chop-o’ And What May Be Next, According To Nomura’s Charlie McElligott
As expected, this week has been defined by impeachment banter and trade war headline hockey, with the latter manifesting itself in a series of rather remarkable escalations on the US side.
In addition to blacklisting Chinese surveillance giant Hikvision (and a hodgepodge of related companies and entities), the Trump administration rolled out a travel ban on Tuesday. China looks poised to respond to both escalations. Reuters reported that "China’s Ministry of Public Security has been working o
The positive ass-kissing news from China is part of the illusion, where trump and the commies are gaming the market up and down. Not a shock that as the VIX/10yr pushed higher yesterday, in comes one of the players to manipulate the market with a tweet or little spin. I have no idea why people play along, because at some point the roulette wheel is gonna not act like a Swiss watch! Then again, as they say, this is the only game in town, so when in Rome …………..
https://fred.stlouisfed.org/graph/?g=p7Cc
Oooops, posted the wrong FRED chart (above) with just VIX, meant to post VIX/10 yr. This tends to show value and volatility as a ratio, must better pix than just VIX.
https://fred.stlouisfed.org/graph/?g=p7CC