No Dice.

If Trump thought reversing the damage done on Monday (when reports that the administration is set to restrict Chinese investment in U.S. industries tanked stocks) was going to be as simple as tipping a less aggressive approach to the review process, he was wrong, because the early relief rally that accompanied the announcement was faded.

No dice, motherfucker.

(Click on image to enlarge)

And besides, Larry Kudlow wants you to know that “the idea of softer or harder is really beside the point”, when it comes to whether modernizing CFIUS is less harsh than a draconian reliance on emergency powers.

Tech was crushed, falling for the fourth session in five:

(Click on image to enlarge)

There was this headline:

XLF down 13 days in a row:

(Click on image to enlarge)


More good news for crude bulls following Tuesday’s Iran-inspired gains as EIA data showed much larger than expected crude draw. The dip that Al-Falih engineered last month when he tipped the H2 production increase is now gone:

(Click on image to enlarge)


But for the second day in a row, the rise in oil was no problem for the dollar, which rose to a one-week high:

(Click on image to enlarge)


EM FX index, lowest since November 15:

(Click on image to enlarge)


The big story is the yuan, which is weakening at the fastest pace since the August 2015 devaluation:

(Click on image to enlarge)


The yuan vol. curve is inverted:

(Click on image to enlarge)


Any lira-rand cross traders out there?

(Click on image to enlarge)


Philippines: bear market (there was some quarter-end window dressing that helped propel a rebound on Wednesday, but you get the idea):

(Click on image to enlarge)


Turkey: bear market (basically).

(Click on image to enlarge)


H-shares: bear market.

(Click on image to enlarge)


SHCOMP: bear market (oversold territory for seven days now).

(Click on image to enlarge)


You get the idea: bear markets. Mercifully, European shares managed to rebound today. This helped:

(Click on image to enlarge)


Oh, and I didn’t even know this thing existed, but apparently it does and it gives you an idea of how things are going in crypto world:

(Click on image to enlarge)


Finally, for your moment of zen, here’s an example of “better to remain silent and be thought a fool than to speak and to remove all doubt”…

How did you like this article? Let us know so we can better customize your reading experience.


Leave a comment to automatically be entered into our contest to win a free Echo Show.