
“What Blizzard? It’s A Couple Of Flakes”: Markets In Cryosleep Ahead Of Snow, Fed, Geert
Welcome to day 2 of 2 in the pre-Fed, pre-Dutch election market cryosleep.
Overnight we got some econ data out of China that looks good right up until it doesn't. Here are the numbers:
CHINA JAN.-FEB. FIXED INVESTMENT RISES 8.9% Y/Y; EST 8.3%
CHINA JAN.-FEB. INDUSTRIAL OUTPUT RISES 6.3% Y/Y; EST 6.2%
CHINA JAN.-FEB. RETAIL SALES RISE 9.5% Y/Y; EST. 10.6%
Obviously that last bullet is a problem. That's the slowest growth in retail sales in more than a decade and as the Journal writes this m