Following last week's series of rate cuts that were met with tepid market response, China delivers another -10 basis point rate cut to its 1-year and 5-year Loan Prime Rates before market open today in-line with its recent measures - only this time, markets pulled sharply back. Is this the start of a new market paradigm?
Weston Nakamura scrutinizes market price action out of China today in search of the answer. Weston also observes what broader major equity indices' recent price behavior looks like absent U.S. market participants upon a U.S. market holiday, and tests his recent themes and findings presented in prior episodes of the Market Depth podcast.
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Disclaimer: Nothing discussed on Market Depth should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.
