1.Contra-Indicator? Outflows 49 of 52 weeks in Europe
$111 Billion in Outflows from European ETFs.
1.Net Inflows into Muni’s Highest in a Decade.
Muni Bonds Enjoy Historic Run Despite Tax Overhaul
Investors this year have poured the most money into municipal bond funds in at least 13 years
1.China stocks rally to a 9-month high after Beijing promises trade secret protection for foreign companies
- -The Shanghai Composite Index is near a nine-month high on hopes of an end to the US-China trade war.
- -China promised spending, tax cuts, and protection of foreign companies’ technology secrets.
- -“A high degree of optimism [is] already baked into markets,” FXTM said.
China ETF held 200 day on weekly chart.
China ETF daily chart 50day about to go thru 200 day to upside.
1. Kyle Bass-China has Stolen $2-$3 Trillion of IP from the U.S in the last Decade….The “ultimate arbiter” for China will be its Foreign Exchange Reserves.
Kyle Bass says trade deal with China must address IP theft: ‘They’re stealing our game from us’
“The U.S.’ No. 1 asset, in my view, is our ingenuity, our intellectual property, our ability to innovate,” Bass tells CNBC’s Brian Sullivan.
Hayman Capital Management founder Kyle Bass thinks any trade deal with China must include enforcement mechanisms against intellectual property theft for the U.S. to truly benefit from it.
“Over the last decade, they’ve stolen $2-to-$3 trillion in IP from us. The U.S.’ No. 1 asset, in my view, is our ingenuity, our intellectual property, our ability to innovate,” Bass told CNBC’s Brian Sullivan in a pre-taped interview that aired on “Worldwide Exchange.” “That’s our game and they’re stealing our game from us. It’s really important for this new agreement to be measurable and punishable.”