To recap today:
NYSE trading glitch
Overnight China bond market crash
Malaysian Ringgit at 1998 lows
Russian Ambassador killed in Turkey
Terrorist attack in Berlin
European bank selloff
USDJPY rollover
U.S. stock inflows highest since September 2008
And accelerating outflows from China...
Which means quantitative tightening:
China’s capital outflows are accelerating and the central bank is selling larger amounts of foreign exchange
onshore sentiment has been deteriorating quickly and capital is leaving the nation quickly
USDJPY carry trade is rolling over ahead of the BOJ tonight
The world's most systemically risky bank is rolling over again...
EM stocks weak again today
U.S. liquidity is tracking Emerging Markets
Which portends badly for the Golden Age of Corruption rally...
Price / volume:
"Dow 20,000"
