Thursday , April 25 2024
Home / Mike Norman Economics / Tyler Durden — “It’s Not Worth Fighting” – Hedge Funds Are Dumping Their China Shorts

Tyler Durden — “It’s Not Worth Fighting” – Hedge Funds Are Dumping Their China Shorts

Summary:
Same people that shorted US Treasuries on the announcment of QE and rode it to the bottom? Just last week, Corriente Advisors’ Mark Hart announced the end of a seven-year options position that would’ve seen a massive payoff if the yuan dropped 50%. As we noted, he’d spent 0 million rolling over the options.... ROFLMAO.Zero Hedge"It's Not Worth Fighting" - Hedge Funds Are Dumping Their China ShortsTyler Durden

Topics:
Mike Norman considers the following as important:

This could be interesting, too:

Mike Norman writes In the Face of Lockdown, China’s E-Commerce Giants Deliver — Chengyi Lin

Mike Norman writes TASS — China’s Hainan offers more than 30,000 jobs to foreign specialists

Mike Norman writes Sputnik — China’s GDP Growth to Decline to 2.3% in Baseline Scenario in 2020 – World Bank

Mike Norman writes Behind the Headlines from China — Martin Armstrong


Same people that shorted US Treasuries on the announcment of QE and rode it to the bottom?
Just last week, Corriente Advisors’ Mark Hart announced the end of a seven-year options position that would’ve seen a massive payoff if the yuan dropped 50%. As we noted, he’d spent $240 million rolling over the options....
ROFLMAO.

Zero Hedge
"It's Not Worth Fighting" - Hedge Funds Are Dumping Their China Shorts
Tyler Durden

Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

Leave a Reply

Your email address will not be published. Required fields are marked *