In Today's Masters in Trading: Live After the Federal Reserve’s course-reversal, yet another world power is following suit with its own economic stimulus news. And it’s sending shockwaves through the global financial markets as I write to you… Yesterday, the People’s Bank of China announced a sweeping series of reforms aimed at rescuing the rising global power from deepening economic woes. The measures on the table include deeply slashing the cash reserve requirements for banks, as well as cuts to interest rates on prime loans, mortgages, and much more. All told, these measures represent a huge move to shore up China’s slowing economy. And with so much stimulus flowing through the world’s second largest economy, I believe there’s untapped potential for any investor with enough foresight. With Chinese bonds falling to records lows after the announcement, now may just be the best time to add exposure as the stimulus package takes effect. Join me for Masters in Trading Live at 11 a.m. ET this morning as I explain how we can benefit from a rally in the Chinese bond market today. I’ll also recap the first couple of days of my new Options Trading Challenge, highlighting some of the great feedback I’ve received from all of you. Remember, the creative trader wins, |
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