And when we see the PBOC announce a rate cut in China later today (meaning China's market should bounce), I am sure you will change your view on whether or not this was a good announcement.
Timing seems to be another master stroke by Dale - getting in just before the market adjusts their negative view on China following more stimulus measures.
Don't look at the morning response. Let's wait until the market digests this announcement in conjunction with broader market information.
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