has the Chinese po Bureau gone on offense or is it playing defense with the biggest pivot in policy since 2011 they have announced in the past 24 hours they’re going to go to a moderately loose policy stance versus Prudence this is a monetary policy fiscal policy it’s going to take a lot more than that according to Andrew sheets to shift the demand velocity in China and that is what rebalances an economy but this is about trying to get out ahead of the incoming Trump tarff so this is somewhere between offense and defense the calibration is in the High beat of currencies Aussie up 1 and e% you’re looking at iron or up a half of 1% so Commodities are yet to be fully convinced the FX cry they’re always in there early to the equity Market John stalis over at Oppenheimer 7100 177% gain by the end of next year we can climb the wall of worry he’s an Uber bull but that’s a hell of a call 7100 by the end of next year geopolitics is front and Central what happens next in Syria as the Assad regime Falls after 24-year rule