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China Said to Intervene in Stock Market as Xi Attends Davos

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A Wide-Angle View Of The U.S. Stock Market – SPDR S&P 500 Trust ETF (NYSEARCA:SPY)

A Wide-Angle View Of The U.S. Stock Market - SPDR S&P 500 Trust ETF (NYSEARCA:SPY)*/

– Editor’s note: Originally published at tsi-blog.com on January 14, 2017.Here is an excerpt from a recent TSI commentary:Until the S&P500 Index (SPX) broke out to the upside in early-July of 2016 we favoured the view that an equity bear market had begun in mid-2015.Supporting this view was the performance of NYSE Margin Debt, which had made what appeared to be a clear-cut downward reversal from an April-2015 peak.
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China Said to Intervene in Stock Market as Xi Attends Davos

China Said to Intervene in Stock Market as Xi Attends Davos*/

– China is taking steps to support its stock market this week, according to people familiar with the matter, as President Xi Jinping’s appearance at the World Economic Forum in Davos puts Asia’s largest economy in the global spotlight.State-owned investors bought shares to steady the market on Monday, while some funds were guided on Tuesday not to sell holdings with big weightings in benchmark indexes, the people said, asking not to be identified because they aren’t authorized to discuss the matter publicly.China’s securities regulators asked funds and brokerages to trade prudently this week and directed exchanges to report any abnormal transactions, the people said.
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