08 August 2021
Posted in
sentix Weekly
The Chinese stock market remains battered, but the other major stock markets do not seem to be affected so far. Now there is the next potential disruptive fire in the form of interest rates. Institutionals are picking up more of the scent of the problem, much more so than retail investors. The insti-bias on long-term euro bonds is falling to a new low. At the same time, precious metals come under heavy pressure. The investor reaction is characterised by astonishing coolness.
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