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Who Wins When Markets Fight Policymakers?
Market Depth
China Trade Data: A Surprise to the Upside
China trade data came out yesterday and show a huge surprise in exports to the upside. Exports were up almost 15% year over year versus the expectations of a 7%. Now, why do we care about China export data? Because again, it's not just about China. So this is policy volatility reflected as data volatility. And this is what comes of having a top down controlled economy that can be flicked on and off like a switch.
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