The US is overvalued and has yet to enter reality. Most of the rest of the world is in a bear market with negative gains. Have to love those stock buybacks.
The one-month implied volatility of the U.S. dollar relative to the yuan now trades at a premium to that of the one-year contract.
A sign of China capital flight risk and general market concerns about solvency and growth. pic.twitter.com/vqhfaQpQf1
— Daniel Lacalle (@dlacalle_IA) June 27, 2018