Saturday Night Quarterback says, For the week ahead expect…

China cuts interest rates for the first time since 2008–I’d wait until the dust settles over the next few days before trying to decide if this marks the time to buy

The People’s Bank of China cut interest rates today for the first time since 2008. I think the move adds up to shock without much awe. The shock is that the cut in benchmark interest rates came earlier than expected. But the cut to the benchmark one-year lending rate is just 0.25 percentage points (to 6.31% from 6.56%), so I wouldn’t call it “awe.”