Better Late Than Never10.19.2018 Fri , Sunny , Air PerfectSummary：硬脱欧前景以及EU意欲拒绝意大利预算的行动导致欧洲资产（股债汇）大幅下跌。美股受欧洲市场弱势，财长退出沙漠达沃斯以及市场对于输入性通胀和汇率波动的担忧等因素共同作用下再次调整。预计中期之前美股都将维持弱势，而美元暂时走强很可能随时被打破。Euro Session:US treasure FX report didn't label China a currency manipulator, but it materially escalated its language against China in significant ways: China had its own section in the report, while everyone else was grouped into another. This paper coupled with the upside surprising of TSA released on Wed triggered the selling off of CNY/CNH and A share on a broad base. Foreign investor have turned to net selling of A share in recent days while their bonds pu
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