Happy tidings to you, gentlemen, on this fine northeastern evening of rain and wind. I interrupt your internet surfing to inform you that the Chinese stock exchange has plunged by 6%. The tech heavy Shenzen, however, was less delicate in its demeanor towards the rural dwelling shareholders of China. It has traded down by 7%.
The samuari in Japan are ignoring the low-level dealings of the Chinese, trading higher by 1.4%–almost spitting in the face of their fiercest competitor in the far east.
Domestically, U.S. futures are lower by just 0.2% and euro-trash futs are ignoring the ignoble Chinese, trading up by 1%.
Portugese-German bonds spreads have widened to 323bps. Once it hits 400bps, the world will end.
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Japan was floating stupid rumors about massive increase in Spending tonight, no one is taking credit for the statement. Just rumors. Kuroda was back AGAIN in front of the Diet trying to argue that Neg Rates are really good, rofl.
yep Kuroda again. i’ll use that for every news event.
Wake me up at the next oversold signal, likely an intra-day -300 day around 1850
Down we go? It’s only 30% of our economy in trouble? From where I stand its like seeing big foot, and the picture is blurry. So I think another leg down before we can focus. OR NOT.
damn you kuroda durables up nearly 5%. it’s Q1 transfer your tax payments to the plebs refund accounts. and they will spend it.
Seems durable goods are better than expected, so …