It isn’t hard to find assets that have clearly shown distress by how they’ve reacted to the current news. But it’s also easily enough done if you are looking for evidence of remarkable sangfroid in the face of what can only be described as scary events.
All in all, taken collectively, from an asset price point of view, things have held up remarkably well. How traders approach the coming weekend and the prospect of China’s market reopening will be very telling. Friday is unlikely to be quiet and whatever happens, someone is going to insist it was obvious.
David Adams
Article URL : https://www.zerohedge.com/markets/china-markets-set-re-open-us-traders-are-ignoring-two-blatantly-obvious-issues?