China is the big focus today after a not-entirely-surprising RRR cut. It came earlier than expected but the rumblings were certainly there.That it came after a leak about offshore fund repatriation to buy Chinese equities can hardly be seen as a coincidence.I wrote about the difficulty in catching the falling China knife yesterday but this meme (from @netcapgirl) captures it perfectly. So far, there is a lot of skepticism about China turning it around but skepticism is fuel for bull markets (as NVDA proves this year). Besides beaten-up China equities, there are big implications if China begins to turn.Some thoughts:China is the major driver of global commodity demandCommodities are a major s
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