Yes, it’s true. Limit up, not limit down. On a day when we see:
- Brexit;
- new lows for the Chinese yuan;
- new highs for the US dollar;
- new highs for Chinese port stocks;
- concerns in the China Securities Journal that growth is fading, and
- Premier Li sounding worried.
Bad news is good news, I guess.
It will be interesting to see if physical follows tomorrow given the rally has all of the substance of fairy floss.