“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