Does The Surge In Chinese Banks Signal Trouble Ahead?
Market Depth
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The Chinese Bank Shares Rally and Crash
In July of 2015, Chinese equities started plunging due to leveraged longs getting massive margin calls and forced liquidations. The PBOC devalued the yuan against the US dollar that sent global markets on true cross asset class, massive explosion of volatility shockwaves. Now, I'm not saying that this is the same scenario today, nor am I even say that this is currently applicable, let alone that this is what's going to happen. But these Chinese bank shares sharp rally and crash and then the subsequent PBOC shock you on D.Vell in August of 2015, that was from a markets perspective, one of the most significant global market volatility explosions since the OA crisis.
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