Crispin Odey Says China Is Close To A Breaking Point

There has been an active discussion as to which market is “smarter,” stock or bond traders. Stocks have seen tremendous price growth since the US Presidential election, breaking into new 2017 highs. This has occurred while bond markets have decoupled since January. Bearish hedge fund manager Crispin Odey notices this divergence and says one market is likely providing a correct analysis as the lack of victories out of Washington DC could lead to a deflationary environment, he predicts, pointing to China and emerging market slowing, events which would coalesce to various degrees with his negative market positioning. Odey: Trump tax…