Welcome to the most important week of the quarter, everyone. It’s super early here in my fair town, but I’ll simply celebrate the fact that, now that the Chinese New Year is over, and the National Team (and a few private citizens) are back at the Chinese stock market, things are looking a bit shaky in the Middle Kingdom.
We see this in individual stocks as well.
And, on our own shores, the VIX has lifted from a laughable 17-handle on Friday to above 20.
As for Chinese, let’s just say that the ascent in recent weeks has been hysterically unhinged, and the first wisp of fear is going to be high contagious.
