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Feb 13, 2018 China actually gave out more loans!

February 13th, 2018

Talk is that PBoC wants to wait on all new loans until after the New Year. They were expecting 2.0 trillion Yuan and it came in 2,9 trillion Yuan. What was interesting, the Global Growth F/X didn’t rally at all on it (maybe they see that PBoC might finally get serious about deleveraging?). Commodities popped in Europe, but Shanghai Futures were not as high as I would expect?  Kuroda was out speaking about unlimited QQE again….but Yen didn’t believe it (again). Powell is speaking in the US Session with a dovish stance. AMZN is pushing up again over that magic 1390, Strange day today. Happy Fat Tuesday!!

Feb 2018