Republic Risk: Start Your Day With This Exxon Trade
China's will need to let its currency slide if it wants to survive a potential Lehman Brothers moment. How will they do it? Are we looking at the mother of all Chinese stimulus packages? Plus...
Equity Storm Warning Is GREEN on the S&P 500 and the Russell 2000.
As I noted yesterday, the FAANG stocks are in control, and they offered a nice pop yesterday from continued momentum in the technology space. We’re heading into the start of earnings for the big names - and the fate of the S&P 500 and the Nasdaq 100 lies in the balance. I’ll say this ahead of today’s analysis. Liquidity is the strongest it has ever been nominally - which aligns with all-time highs. Today’s threat is what happens with China and its Evergrande debacle. Just know we’re watching the markets and the flows, and if this thing goes sideways, you’ll receive the first update.
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