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Evidence China Manipulates S+P
I've argued China bought $SPY dips 17 X from March Asian lows. https://bit.ly/2VQ4trY Price action today same MO-> $SPX rally on little news, coincidentally $CNY rallies also. @WSJ concludes same. Asia Buys While U Sleep https://on.wsj.com/2KnmM2i
I've argued China bought $SPY dips 17 X from March Asian lows. https://bit.ly/2VQ4trY Price action today same MO-> $SPX rally on little news, coincidentally $CNY rallies also. @WSJ concludes same. Asia Buys While U Sleep https://on.wsj.com/2KnmM2i
cc @GunjanJS @johnauthers @TheStalwart @elerianm @Brad_Setser @dlacalle_IA @mark_dow @afneil @FTMarkets @markets @Schuldensuehner @kitjuckes @lisaabramowicz1 @ReutersUS @jimcramer @SquawkCNBC @andrewrsorkin @carlquintanilla
Why China Buys US Stocks
Aug 2015 Yuan Deval established a direct causal effect between weaker Yuan and weaker US stocks. Thru my career market participants would say that when when $SPX rolls over, correlations converge to 1 likely due to globalisation inter-connectivity. Thus
Aug 2015 Yuan Deval established a direct causal effect between weaker Yuan and weaker US stocks. Thru my career market participants would say that when when $SPX rolls over, correlations converge to 1 likely due to globalisation inter-connectivity. Thus
as china exported #COVID19 , global disconnectedness generated negative tail risks and blowback, opening China up on many front's. The negative export loop where exporting #COVID19 lead to a global pandemic and a collapse in its export's increasing Yuan / $SPX interdependence.
Evidence China Manipulates S+P ( ii )
Ive suggested China manipulates $SPX, buying it 17 X in Asia trading session. Buying halted thurs/fri/mon when Trump reignited wuhan blame game. Buying re-emerged y'day only later (EU open) post China's US ambassador called truce. Same today
Ive suggested China manipulates $SPX, buying it 17 X in Asia trading session. Buying halted thurs/fri/mon when Trump reignited wuhan blame game. Buying re-emerged y'day only later (EU open) post China's US ambassador called truce. Same today
Evidence China Manipulates S+P ( iii )
I cant prove China bought $SPX 17 times in Asia, there is one simple give away.
both today and Yesterday the move in $SPX happened in conjunction with a move in $CNY
I cant prove China bought $SPX 17 times in Asia, there is one simple give away.
both today and Yesterday the move in $SPX happened in conjunction with a move in $CNY
cc @BobPisani here is why Stocks are higher
