China Sends Message To Yuan Bears, Sparks Stock Rally With Stimulus Nod
A double dose of market-friendly news, as stimulus bets, yuan defense bolster sentiment.
A double dose of market-friendly news, as stimulus bets, yuan defense bolster sentiment.
…even as most folks seem wary of the nascent bounce off the May swoon.
Still, you can hardly blame the market for thinking the yuan is headed lower.
It’s too hot to go out, but too nice to stay in.
“We can make a deal with China tomorrow. No way!”
There’s an “art” to this.
At this juncture, it’s probably just a matter of what “breaks” first in the “everything rally”.
…it could get more frothy still.
“Equities are ‘foaming at the mouth’ to start the week”…
“No collusion”, but no growth either.
Don’t expect Trump to sit idly by for much longer.
A non-controlled demolition.
“…we think cutting the risk-free rate is becoming more necessary and imminent.”
The good mood has seemingly worn off.
It would be odd to characterize an uninspiring set of numbers as “Goldilocks”, but…
We’ll see what the half-life on this is.
This will likely get worse before it gets better.
If Trump wants to rescue markets, he’s going to have to do better than this.
“Once again”…
The U.S. has violated the “legitimate rights and interests of Chinese citizens”.
It all started with an overnight plunge in S&P futures…
Now let’s see if this proves sustainable.
“The U.S. will not change course.”
Curb your enthusiasm.
That date with a 7-handle is becoming harder and harder to postpone.
You must be logged in to post a comment.