MarketReader Co-Founder and CEO Jens Nordvig joined Schwab Network host Oliver Renick to discuss China's recent economic stimulus, the Fed's rate cut, and the overall implications for the macroeconomic picture.
"Jens Nordvig said he has expressed "incredible pessimism on China" over the past few months, until today, when its central bank cut rates and introduced a stimulus plan. The surprise is one Jens labels as a "step in the right direction." When it comes to the U.S. Dollar (/DX), he doesn't share as much confidence, arguing investors should be on "high alert" for more Fed action."
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