China Watch: Elevator Up, Elevator Down… The Most Hated Rally in History?
We saw the worst day in the Hang Seng since Lehman yesterday, but China used the opportunity to “feed the rally” with something to look forward to—a briefing on fiscal stimulus on Oct 12. Here is a comprehensive overview of the far-from-impressive stimulus announced...
The Drill: No stimmie, no fun for China
China is getting slaughtered this morning as the “stimmie drug” is fizzling while geopolitical risk in crude is waning. We keep a negative bias on commodity markets as the China trade is fading. To read the full article, sign up for a 14-day FREE trial of...
The Week at a Glance: No Country for Inflation Undershooting Men
Rates market dynamics have swiftly flipped, and the inflation releases this week will likely underpin the shift in sentiment. The labor market is the main reason to cut, not inflation. To read the full article, sign up for a 14-day FREE trial of the The Macro...
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