Monaco Alpha: MKT VIEW
-I don’t think things are as bad as people are saying
-Rates move is healthy given curves steepening in general but it all just happened a bit too quickly
-Just got to deal with a bit of inflation
-China is the black box but IMO will not explode.
-Whatever the outcome there it will take time or more likely we will never really know the true situation.
-Its important to remember that China is all Policy Induced so if it getting too bad they’ll step in.