Set aside other people chasing headlines – those are macro tourists, jumping headline to headline. Stay with the cycle.
Asia understood that overnight – Japan was up another +1%, not as good as India though, up +2.5% and +6% in two days.
There’s no crying in macro. There’s adding to your positions at the low end of the risk range.
South Korea up another +1.3%, and +7.8% in the last month.
In other news, the world didn’t end last night.
Again, it’s #Quad2 globally. That’s why we’re long all these Asian exposures.