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Strategies & Market Trends : ajtj's Post-Lobotomy Market Charts and Thoughts -- Ignore unavailable to you. Want to Upgrade?

To: rimshot who wrote (73482)	11/6/2022 9:44:48 AM
From: Sun Tzu	2 Recommendations Recommended By ajtj99 towerdog Read Replies (2) \| Respond to of 97912

Commodities bounced based on a strong rumor that China is about to pivot from their Covid Zero policy and reopen. The evidence for that was laxing some of the contact tracing requirements, cozying up with Germany, going easier on airports and foreign visitors, and chastising some local governments for overzealous prosecution of lockdowns. These were followed by an article stating that Xi has ordered formation of a committee to plan for the reopening. However, the Chinese government first dodged the question, then mildly rebuffed it, and now has said a flat no to this rumor. China reopening is for commodities what a Fed pivot is for US bonds and equities; the speculation keep causing rallies only to be smacked down by the authorities, but hope springs eternal. Eventually China will reopen just as eventually the Fed will pivot. The operative word is eventually. China will “unswervingly” adhere to its current Covid controls as the country faces an increasingly serious outbreaks, health officials said https://t.co/yBnTTgHPa0 via @bpolitics — Archer (@WallSt_SunTzu) November 6, 2022