The "China is liquidating treasurys" narrative is set for a comeback, because according to the latest just released TIC data, in the first month of 2018, China dumped $16.7 BN in US paper, in the biggest one month sale since September.
Markets appear to be running out of reasons to stay optimistic this week. The White House reshuffle and concerns about protectionist US policy agenda is at the heart of that however yesterday’s soft retail sales report also seemed to put the brakes on the ‘Goldilocks’ data scenario.
What had been rumored for days, was just confirmed by CNBC, which reported moments ago that President Donald Trump plans to name Larry Kudlow as his top economic advisor... and WSJ confirms Kudlow has accepted.
Dropbox has filed the terms of its long-awaited IPO, according to which it aims to raise as much as $648 million, by marketing 36 million shares range from $16 to $18 apiece, resulting in valuation between $7 and $7.9 billion.