Good lord. Hide the women and children.
Ok, well the yuan plunged overnight.
Call in the national team.
The screens are red. Might need to reboot.
So yeah, people are talking about reserve diversification.
H-shares: best week in 18 months.
It’s just one right after another, day after day after day.
“Not like everybody says.”
“You can go about your business. Move along.”
“… the EUR as a reserve currency appears to be an increasingly attractive long-term proposition.”
“…if a powerful party wants to roil the equity market, and push the VIX up, one of the best routes is via Treasury bond vol.”
“I don’t know if they are trying to show Trump who is boss ahead of trade talks, or if there is some other game theory tactic at work. Either way, be careful assuming this is some market shift China announced ahead of time out of the goodness of their hearts.”