Wait-And-See Mode

Wait-And-See Mode

I don't know if I'd call it "trepidation." At the risk of trafficking in nebulous clichés, markets were in "wait-and-see" mode to kick off what promised to be an eventful week. Activity data out of China for January-February was ostensibly robust, but it was exceedingly difficult to separate signal from noise. Chinese equities fell more than 2% as investors continue to fret over liquidity. 100 billion yuan in MLF merely rolled maturing funding. As ever, the market wanted more. "The MLF amount
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