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A lively 30th edition closes with Bit confirmed as leading expo

A lively 30th edition closes with Bit confirmed as leading expo
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Futures Soar After China's Plunge Protection Team Props Up Markets


by Tyler Durden
Tuesday, Mar 09, 2021 - 07:51 AM
Sometime trading really is this easy. Literally minutes after we predicted last night that it was just a matter of time before central banks step in to halt the rout.
In theory a continued collapse in the QQQ will crash the S&P, DJIA, and everything else.
In practice, the Fed will never allow it. We are within 2-3% of the Fed s red line for QQQs
zerohedge (@zerohedge) March 9, 2021
. Beijing did just that when shortly after China s markets reopened on Tuesday (a little after 9pm ET),
Bloomberg reported that state-backed funds - i.e., China s Plunge Protection Team - had intervened to shore up the market in morning trading. The funds, known as China’s “national team,” had stepped in order to ensure stability during the National People’s Congress in Beijing, Bloomberg reported citing according to people familiar with the matter with a ....

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