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It’s The End Of The Quarter, Do You Know Where Your Money Is?
Ok, so it's Friday. And it's the end of the month. And it's quarter-end.
Let's get some data out of the way first.
We got PMIs out of China overnight and that turned out pretty well. Here are the bullets:
CHINA MARCH MANUFACTURING PMI AT 51.8; EST. 51.7
CHINA NON-MANUFACTURING PMI AT 55.1 IN MARCH
CHINA MARCH MANUFACTURING PMI RISES TO HIGHEST SINCE APRIL 2012
And the more granular breakdown:
New orders increased to a nearly three-year high of 53.3 from 53
New export orders rose to 51,
