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China Head Fake
Yesterday I reported on a rumor that China was planning on halting their buying of US treasuries or may start selling. That report was first seen on Bloomberg. Now mainstream media is reporting it to be false. [1]
Regardless, it is extremely concerning to me that a rumor about China’s plans for allocation of their US debt has such an enormous effect of the markets. Again, these were only rumors. No actual moves have been made.
Gregory Mannarino’s analysis of this is that the original rumors are true. China has fired a warning shot at the US and the market action symbolizes its power over the US market. This is a move of financial warfare. See Greg’s video.
https://www.youtube.com/watch?v=2ggXxG_uzcM
I would tread lightly here, be very careful in this market environment.
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