The optimism in the Chinese market yesterday was baffling ...Middle East

I don't know what people were thinking with the Chinese market and global growth trades yesterday.They rallied huge yesterday despite Trump winning the election. The hope -- evidently -- was that Beijing was going to deliver larger stimulus.The thing is, the stimulus has been widely known for awhile. As I highlighted Oct 29:Today in a report from Reuters, we got a strong sense of what's coming. The report says that after a Nov 4-8 series of meetings, that officials will announce a 10 trillion yuan ($1.4 trillion) package.For some reason, the market decided to massively front-run the announcement yesterday and today we are seeing some major 'sell the fact'. There was some reasonable specu

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