the nasdaq drag and wiping out one hundred billion dollars i mean just goes to show how jittery investors still are yeah and also the concentration of the selling where is it whos selling this these are the kind of questions that were asking right now wheres the selling come from when you look at onshore indexes the green laws has actually been quite slow implied volatility is incredibly low even historical volatility is low this is not kind of a brutal panicky sell off were seeing that action in stocks that are owned by international funds us funds these adr is really bearing the brunt of the selling and if you look at the msci china or the hang seng china enterprises index its really kind of tech thats dragging it low this is kind of the reopening favorite play also the ai craze lets not forget jd dotcom is is the world is the worst performer in this month so really its kind of a sentiment driven emotional market we talked about this yesterday and ive been kind of hammering this home the economy is performing better earnings are improving so what is really kind of undermining sentiment right now you mentioned geopolitics yes its also i mean theres people are kind of clutching at straws this is kind of trying to find reasons to sell and you know someone in the us messaged me just this morning is there a covid resurgence in china you know its the kind of things that on the ground you know you kind of question does this make any sense but when youre so heart kind of far removed from from china so far away based in new york that kind of selling pressure is really really accelerated yeah it doesnt matter right to it to your point that if this market even looks like a 10 like you know if your emotions are there you know youre going to swipe left as we were pointing out yesterday the a couple of things youre watching today we formed a death cross on msci china i believe if you went long and yes so hes thats a good example to have a haven that really played play ball this long in that space yeah exactly and not the not the kind of attractive glitzy tech companies these that those are not performing well its really that so hes and im looking here on my screen its a petro china life insurers banks china mobile smi see these are incidentally a lot of these are sanctioned by the us so it means that us investors really face restrictions when investing in these but theyre the ones that are top performing this month that was also just looking on my terminal here when was the last time the msci china index fell for seven days and we would have to go back almost exactly a year to match that streak so its really kind of a grind lower if we do get another fall today its been a year or thereabouts since that pledge from the state council to do everything they can to support these markets went up and were back pretty much completely back but it just reminds me i mean even only bob barr right all the gains that we saw after they were announced announced that restructuring its debt is going to operate now yeah exactly and its about supporting the private sector you know how how do you actually do that we could get some indications out of the politburo this this week its been more than a year since the pledge to keep markets stable and about it was in march last year where we had that kind of coordinated pledge to to support sentiment so lets see what would what do we really do what we really support sentiment right now i mean i dont know