Magna Carta Wednesday, page-28

Back to cash - Today China's A-shares got rejected from MSCI - last time this happened, it lead to the market collapse witnessed in August 2015. There has been plenty hype about how addition of A-shares to the index was a matter of when rather than if.... Was quite surprised to see A-shares rally today. Tonight we have the Fed decision - if Yellen doesn't raise rates, expect markets to rally again for few days. If she does rate raise rates and pulls a surprise (due to Trump) start shorting.