Trader’s Notebook: “Watching 7” Macro Theme Asserts Itself

Trader’s Notebook: “Watching 7” Macro Theme Asserts Itself

The combined macro themes of “Trade-War” and “Watching 7” have reasserted themselves disrupting finncial markets today. Overnight, China let its currency depreciate past the market psychologically important level of 7. The People’s Bank of China (“PBOC”) released a...