Citi Urges “Caution Ahead”: Four Major Chinese Indicators Are “Staring To Wave Red Flags”
by Tyler Durden
ZeroHedge.com
May 14, 2017
Another day, another warnings about China’s fading credit impulse (see here in February, and Pimco most recently), and market complacency about what the recent monetary tightening and drop in commodity prices in Chinese markets means for global markets, this time from Citigroup.
In the latest note from Citi’s cross-asset strategist, Jeremy Hale, titled simply enough “China: Caution Ahead”, he highlights the long-standing trend lower in the EMRA, or Emerging Markets Risk Aversion Index (CIGMEMRA Index on Bloomberg) which is Citi’s measure of aggregate risk aversion in developing countries, which in turn has led many investors to ask the bank whether “investors are getting complacent on EM.”
The Rest…HERE
