By Chris Becker
A dour night across risk markets, with scratch results on most bourses as money moved to bonds and the USD on Fed hawkishness. A bit too much navel gazing or was that Pluto watching?
Recapping Asia, where the dead cat bounce in the Shanghai Composite fizzled, even on a strong GDP/FAI print, falling over 3% to just above 3800 points. By continuing to reject the 4000 point resistance level, we’re on our way to the next support level at 3400 points, wiping out almost all the gains of 2015:
