The source of this global bull market and the phenomenon that could be its undoing; China. The Chinese government raised taxes on stock transactions today in order to cool their market. The move sent shares in Shanghai down 7%. Could an Asian financial shock ruin are own bull market and should you steer clear of China trades?
Constance Hunter, an international Hedge Fund Manager at Coronat Capital Management joins the guys to help answer that question.
Hunter says China has put forth a series of initiatives to try and calm their markets. She adds China can only undo the American markets if they get very aggressive with their currency policy. Barring that, she doesn’t see much of a threat.