The China Rug Pull

The rug pull

Massive puke in Chinese equities overnight. Managing this kind of volatility is basically impossible for any "serious" investor. Main reason for the panic: "...the NDRC press conference has released no details on fiscal stimulus so far... widely expected to announce an action plan at the press conference." (UBS)

Anyway, the continuously traded China futures have taken out the last 3-4 squeeze sessions in one massive down candle, down approximately 15% from intraday highs.