By Chris Becker
The dead cat is quite dead, its not resting. Wall Street caved in overnight, falling 3% as no news meant bad news as everyone saw through Trump’s tariff trick as just that, with macroeconomic realisations unfolding instead. It was a race to safe havens again, with Yen and gold rising, while Euro tumbled as the latest German GDP figures shows how fast the continental powerhouse is stalling, with industrial production numbers also sharply down.
It’s going to be a fun day here in Asia for short sellers, with the latest local unemployment figures helping the volatility as well!