Just to look at it from a different angle.
Theres no doubt the Chinese govt has control over the SSE. A well timed state media release this morning re the govt having a possitive outlook on major Chinese firms performance prevented china from following wall st this morning.
We all know how easily they can correct their market when they desire.
Given the Chinese govt hold a sizable portion of US bonds then would they also have the ability to crash bond prices temporarily, hence pushing yeild obove the 5% trigger point for a Dow selloff ??
The chinese govt was very oportunistic in Feb when the Dow was on the edge. The question is - is there more glass chinking going on in the hallowed halls of Beiging today?
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