It’s Happening Again… Investors Dump Everything ‘China’

Featured Story

Global stock markets plunged Friday as tensions between the US and China spiral out of control. 

Stocks in Hong Kong and mainland China tumbled after Beijing ordered Washington to cease all operations at its consulate in the city of Chengdu. This came days after Washington ordered the Chinese consulate in Houston, Texas, to close. 

Investors are becoming fearful the tit-for-tat spat between the US and China will escalate into August. Today’s equity selling in Asia, Europe, and the US is evident in derisking.

We must note, derisking has been stealthily occurring under the surface for two months. While President Trump and Barstool Sports’ Dave Portnoy pump stocks, the smart money has been quickly dumping US-listed firms that do business in China because of increasing tensions. 

Fathom’s proprietary China Exposure Index (CEI) tracks US-listed firms that have 15% and 85% of their revenues from China. The CEI shows investors have been dumping these companies since the start of June. 

Readers may recall, a plunging CEI in early February preceded the stock market crash that started later in the month. 

Read: In Latest Sign Of Imminent Market Collapse, Investors Dump Everything’ China’

So the question we ask today: Is today’s CEI plunge hinting the stock market is set to tank again?

The Plandemic Tracking

Source: ZeroHedge

StevieRay Hansen
Editor, BanksterCrime

God often uses men who are not of the best moral character. Pharaoh, Nebuchadnezzar, Cyrus, Herod, and Trump (amongst others), to accomplish His will in events He orchestrates during human history. We either trust the sovereignty of God or we don’t. Nothing happens apart from Him…

The best index to a person’s character is how he treats people who can’t do him any good, and how he treats people who can’t fight back…

The Birth Pains Are Growing Stronger….

One of the signs of ruling class collapse is when they can no longer enforce the rules that maintain them as a ruling class. When the Romans started making exceptions to republican governance, it was a matter of time before someone simply decided the rules no longer applied to them. Perhaps the robot historians will consider Obama our Marius or Sulla. Maybe that person is in the near future. Either way, the rule of law is over and what comes next is the rule of men.

“Don’t piss down my back and tell me it’s raining.” Outlaw Josey Wales

BanksterCrime

Don't Miss

“World On Verge Of Spinning Out Of Control”

By StevieRay Hansen

Financial writer John Rubino says gold is at new all-time highs, silver is vaulting upward and there is no end in sight for the massive…

Read More

Blain: Excess Liquidity Is “Blinding Idiots To Dangerous Reality”

By StevieRay Hansen

Bubbles are far more dangerous when they are fueled by debt” “This time it’s different”, is one of the most dangerous beliefs in financial markets.…

Read More

WTI Holds Losses As US Distillates Stocks Reach 38-Year Highs

By StevieRay Hansen

Oil prices are lower overnight after a surprisingly large crude inventory build reported by API. The energy complex was not helped by comments by President Trump that…

Read More

Banks Brace For A Historic Crash With Record Loss Provisions

By StevieRay Hansen

For many years after the financial crisis, US commercial banks were mocked when instead of generating earnings the old-fashioned way, by collecting the interest arb…

Read More

Another Iconic Deflationist Capitulates: According To Russell Napier, “Control Of Money Supply Has Permanently Left The Hands Of Central Bankers

By StevieRay Hansen

One by one the world’s legendary deflationists are taking one look at the following chart of the global money supply (as shown most recently by DB’s…

Read More

Doug Casey On COVID Brainwashing: “Look, Hysteria Is The Problem; Not The Flu Itself”

By StevieRay Hansen

Recently, gold bug and investor Doug Casey sat down with Kenneth Ameduri of Crush the Street. Casey jumped right in saying the breakdown of the United…

Read More

Depositors Beware: Deutsche Bank Warns Trading Revenue Boom Is Ending

By StevieRay Hansen

With Europe’s benchmark interest rates still staunchly in negative territory, the long-suffering European banks, epitomized by fading German ‘national champion’ Deutsche Bank, have benefited from…

Read More

Rabobank: “Markets Are, Across The Board, Totally Divorced From Reality. Facts No Longer Matter”

By StevieRay Hansen

Make It So! Back in the 1980s, there was a lot of discussion at my college about “post-modernism”. At that point, it was in a…

Read More

How Deutsche Bank Helped Con The Public Into Believing In Wirecard

By StevieRay Hansen

By Tyler Durden More reporting on the Wirecard situation has emerged over the long weekend in the US, and none of it is flattering. As a court-appointed…

Read More

USDA Crop Report Shocker Sends Corn Futures Surging

By StevieRay Hansen

Chicago corn futures surged 8% in the last two sessions after a massive reduction to the U.S. government’s acreage estimate reported Reuters.  The U.S. Department of Agriculture’s…

Read More

StevieRay Hansen

Leave a Comment