iBankCoin
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
19,430 Blog Posts

China Issues Travel Warning to the US; Futures Rise

Chinese tourists spend more in this country than any other country — approximately $36b per annum. Today China issued a travel warning to the US, citing all sorts of shit, from school shootings and Trump’s police state, which in theory should weaken the prospects of luxury goods retailers, like TIF — providing Chinese tourism wanes due to this stupid travel warning.

China’s Ministry of Foreign Affairs announced Tuesday a safety warning for Chinese citizens and companies in the U.S.

The Ministry of Culture and Tourism also issued a warning Tuesday for Chinese tourists traveling to America.

These announcements follow the Ministry of Education’s warning on Monday to Chinese students studying abroad that noted recent U.S. restrictions on some Chinese student visas.

In other news, US futures are +200 and the 10yr treasury is up 3bps to 2.11%. I am couched by the fact that WTI is off by another 0.8%. Nevertheless, this bounce looks promising and it should provide hurting longs with a small respite and perhaps an opportunity to lighten up ahead of the storm of fire.

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2 comments

  1. gsofield

    Short sighted jag offs at the Fed will give bulls the necessary ammo to rally. Throw in a tweet from our fearless leader and will be flirting with ATH before you know it. Paper over the problems and kick the can – the mantra for the World’s CBs and politicians.

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  2. juice

    shots fired … war on for the economic rights to the 21st century

    they will go for the oil-USD peg and reserve currency status, which is all good for gold

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