Risk of China zero-COVID reversal is high

Thursday, 3 November 2022

But this does not look like it. Sinocism has more:

1. Covid loosening rumor pops stocks

Stocks popped on a rumor that a new committee has been set up to figure out how to loosen Covid controls by next March. The rumor has not been confirmed, and while logically it makes sense as they have to figure out a way to reduce some of the excesses before people really start to lose it and the economy craters, investors seem to have gotten a bit overexcited.

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About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.