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September 01, 2020 1:41pm
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What's "Black Swan" in Chinese?

Mid-week market update: Here we go again. Just when you thought world events were under control, House Speaker Nancy Pelosi's visit to Taiwan raised the geopolitical risk premium.

And just as I predicted on the weekend (see In what world is fighting the Fed a good idea?), we've had a cacophony of Fed officials pushing back on market expectations of an imminent pause in rate hikes. Bond yields spiked in response.
Here is what I am watching.
The full post can be found here.
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