The Chinese stock market is selling off on news of an increase in taxes on stock transactions. It will be interesting to see how much linkage there is.
Another reason for concern is the weakness in the U. S. Treasury bond market. Here is a chart of TLT, a U. S. long bond exchange traded fund (chart).
On Tuesday, my CYPB Cypress Bioscience sold off on apparent profit taking. TXN Texas Instruments is my only other position.
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