Good News: China Turns In Surprise Beat On October Trade Data
In what will probably be a relief for investors who have spent the last month (or more) fretting about a synchronized global slowdown, China's trade numbers came in ahead of expectations on Thursday.
Disappointing PMI data and signs that the trade war is starting to weigh materially on sentiment began showing up in earnest over the past couple of weeks, leading analysts and commentators to question whether "Goldilocks" was not only dead, but in fact dead and buried.
The "Goldilocks" narrative