"The spectrum of national security is very broad and without a clear definition it could easily be abused. If the final decision from the US hurts China’s interests, we will certainly take necessary measures to protect our legitimate rights."
Only one number matters for the markets this week, and it will be released at 8:30am this morning, when the BLS unveils the January CPI print, with every trader, both carbon and semiconductor based, focusing only on whether core CPI will come in at 0.2% as expected, or higher...
Despite a very explicit warning by Goldman's co-head of equity trading that the "regime has changed" and that instead of "buying the dip", investors should be "selling-the-rip", so far this morning a global BTFD relief rally has been unleashed from Asia to Europe and the US as traders welcomed a rare respite from soaring volatility.
"... a market correction clarifies that we live in a world that is exacting and just, as opposed to a fabricated fantasy. A stock market purge demonstrates that the central planners haven’t entirely broken the markets just yet. Markets still go both up and down."