Ashes To Ashes: Surveying The Fallout 24 Hours Later
Ok, so “what hath Trump and Kim wrought” for markets 24 hours on?
Ok, so “what hath Trump and Kim wrought” for markets 24 hours on?
“..met with fire and fury and, frankly, power the likes of which the world has never seen before.”
See China, like Art Vandelay, is an importer/exporter, “ok?â€
Ok, well good news: we’ll get a break from potentially market-moving scheduled events this week.
More tea leaves from the global engine of growth and trade…
The dog days are here…
CHINA JULY MANUFACTURING PMI AT 51.4; EST. 51.5
Ok, well this was an interesting week…
“The panic is sweeping across the markets, sparked by a plunge in the start-up board.â€
And remember, “China”, “deleveraging” and “concerns” are not three words you want to hear in the same sentence first thing in the morning…
CHINA 2Q GDP GROWS 6.9% Y/Y; EST. 6.8%
CHINA 2Q GDP GROWS 1.7% Q/Q; EST. 1.7%
CHINA JUNE INDUSTRIAL OUTPUT RISES 7.6% Y/Y; EST. 6.5%
CHINA JUNE RETAIL SALES RISE 11.0% Y/Y; EST. 10.6%
So yeah, “carry” on – but just remember that “what goes up”….
China, like Art Vandelay, is an importer/exporter, “ok?”. And generally speaking, you want to keep
What effect will Fed balance sheet normalization have on Treasury yields? That’s quickly becoming something
If you’ve been following along over the past two months, you know China is engaged
“Rather, as we ponder the notion of a global regime change in monetary policy, and rates more broadly, it’s a big mistake not to consider that at some point issuers will be fighting to tap into a far more selectively inclined investor base.”
File this one away in the “worth noting” folder. Chinese equities were the only red in a sea of green on Monday morning and although the SHCOMP closed only marginally lower, ChiNext (China’s “Nasdaq”), dove nearly 2%.
It’s been a long time coming, but the week(s) of reckoning have finally come for
“If the authorities view this as reflecting latent capital outflow pressure or speculative activity, intervention could become a more regular occurrence.”Â
Epic tug-of-war emerges as PBoC battles traders…
“We have been arguing that tapering will come anyway, largely because of technical/ political constraints around QE. The ECB will still have to justify this with a macroeconomic narrative.”
Earlier this morning, we said the following about a series of comments from Mario Draghi
Ok, well for obvious reasons, the headlines overnight pretty much all revolved around: Saudi Arabia
“The end game (full inclusion) could see inflows reach nearly a half trillion”…
MSCI WILL INCLUDE CHINA A SHRS IN MSCI EMERGING MARKETS INDEX
“Wasn’t it only last week that everyone was telling us that the market was fading the FOMC’s ‘policy error?'”
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