Top Goldman Trader Warns "We're In The Early Stages Of Reflation"

Despite some chop overnight, markets continue to push higher, led by emerging markets overnight, with further gains in Asia driven by China (Shcomp +1.5%) alongside Korea/Taiwan and HK. Japan bid despite further sell off in JGBs (bond auction ok but JGB's selling off none the less..30yr auction on Thursday).  

And, China 10yr bond yields even beginning to move higher...