This severely hampers spending by the 155 million #Chinese tourists, which is currently worth between 20% and 30% of tourist spending worldwide. #Tourism #Economy #WeeklyNotepic.twitter.com/TC2k82h0zP
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But who knows? However, we do note that #volatility has increased a significant five points. #WeeklyNotepic.twitter.com/P1lnWmhDCC
Additionally, part of the #market shock is absorbed by the stabilizing effect of the drop in long-term #rates, just like last summer. #WeeklyNote
We have tactically increased the weighting of #US bonds in our international portfolios in order to cushion any hypothetical fresh drop in equities over the days ahead. #WeeklyNote
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