US markets ignored all the noise and positioned itself for payrolls tonight. Oil hammered and then treasuries rebounded. We all now know that trade. At one stage 10 year note yield was 2.27% but finished at 2.18%. Ill be interested to see what happens with the Chinese market today. Hasn't had more than 3 consecutive down days in ages. Could today be it, I'm thinking not. Alibaba results beat expectations and also there is a clear link between the oil price and the Shanghai exchange ( up versus down or vice versa ).
Stockmarket tanking!, page-61
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