BUCKLE UP: China Is About To Trigger A Global Market Earthquake
KingWorldNews.com
July 19, 2018
As the world hurtles toward the next financial crisis, China is about to trigger a global market earthquake.
July 19 (King World News) – Here is a portion of what Peter Boockvar wrote today as the world awaits the next round of monetary madness: The stronger dollar is the story this morning, particularly against the yuan which continues to weaken. The onshore yuan is having its worst day vs the US dollar since August 12th 2015. Remember then? If you’re new to this and don’t, it was a day after the PBOC devalued the yuan which resulted in a temporary market earthquake…
Peter Boockvar continues: Both the A share Shanghai comp and the H share index in Hong Kong sold off about .50%. The H share index closed at a fresh one year low. Copper is sharply lower by almost 3% to a one year low. The dollar is also creeping higher again against most other currencies and according to Factset is the #1 factor companies are citing as having a negative impact on earnings.
The Rest…HERE
