© Feng Yu china
© Feng Yu

THE HEISENBERG writes: “Late Thursday evening, we talked at length about the bifurcated macro narrative wherein market participants careen from “reflation” days to “growth scare” days and back again. Currently, we’re witnessing a nascent resurgence of the “reflation” theme, which made a comeback starting early last week following upbeat PMI data out of China, a better-than-expected ISM print stateside and decent March payrolls on Friday…”

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