All about China.
Mexican Peso vs Yuan shows a shift towards risk off in the U.S.
Initially, Sell big rallies in our Indices today.
Yuan denominated assets from Gold to Grains have been trading weak since the new stimulus plans were revealed.
Copper in Yuan is completely lackluster.
Penn reminded me that today is OPEX with 2.4 Trillion of notional equities in play for a rebalance.
I suspect much of yesterdays big cap tech selling was related.