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IPFS News Link • Stock Market

With China Markets Set To Re-Open, US Traders Are Ignoring Two "Blatantly Obvious" Issues

• https://www.zerohedge.com by Richard Breslow

All in all, taken collectively, from an asset price point of view, things have held up remarkably well. How traders approach the coming weekend and the prospect of China's market reopening will be very telling. Friday is unlikely to be quiet and whatever happens, someone is going to insist it was obvious.

What has been striking is that, on the face of it, markets appear to be debunking two cliches that we accept as so blatantly obvious that they need no discussion.

We take for granted that traders don't like uncertainty,

and place the much-lamented diminished market liquidity near the top of any list of systemic concerns.

Maybe, these are worth reconsidering, at least in part

Watching how and, how far, things have moved, made me wonder if these don't hold as true as we think. Or, we have been conditioned to simply ignore our natural instincts certain in the belief that the famous "put" is as alive and kicking as ever. And maybe it always will be.


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