Beijing has spent a trillion dollars supporting the Yuan since the Fed started withdrawing liquidity. Trump wants them to stop...
S&P opening downside gaps with Chinese Yuan:
Speaking of ignored risks, here is the current positioning across various asset classes:
Bond short exposure
Junk stock exposure
Mutual fund cash balances
Option hedging. Or not...
Active Manager risk exposure
"Don't worry, we're smarter than the rest of the world combined"
U.S. versus world: