Tech Stocks Slammed After Tencent Shocker

Amid fears of emerging market contagion, Chinese tech giant Tencent stunned traders this morning with abysmal earnings and, worse, the company's first profit drop in a decade.

  • Aug 15, 2018 9:14 AM

The Treasury International Capital, TIC Update, confirms that the massive reduction we saw in US Treasuries by the Russians in April continued in May. They sold basically 81 billion in two months, down from just under 100 billion. That's an 80% reduction in two months!