I joined Thomas and Scott to cover a whole load of topics in 20 minutes from the 5.05-hour mark. Link via image above.
From ‘overbought’ for much of November to ‘oversold’ by the end of the first week of December. Russell 2000 (IWM) versus Nasdaq 100 (QQQ) - hourly chart.
S&P 500 weekly heatmap.
Dollar Index Futures. Daily chart.
Alibaba - the once greatest ever ‘hedge fund hotel’ on the planet - was the obvious ‘trading sardine’ for fast money to latch on to post Tepper - the ADRs are now almost 28% below their early October peak (but note that the volume profile shows clearly that it is really only the latest arrivals to the trade that are offside at current levels).
FXI, the iShares MSCI China ETF. The pink rings (dividends) matter.
What is interesting is that some of the best returns in the market have been clustered among MSCI China’s most “boring” low beta plays. Some of the easiest trades to stay in are the ones that do not cast you aside with volatility. FXI ETF constituents (all SEHK tickers). Source: Koyfin.
Local bank deposit rates have been sub 1% for over 20 years. 2-year yields in the offshore rates market currently languish at 1.32%.
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