In China: Car Trouble And Plunging Bank Shares

On Thursday, China managed to report decent October trade data, a relief considering how concerned market participants now are about the prospects of a synchronized global slowdown. Thursday's numbers came a week after a string of poor PMI data (in China and elsewhere) sounded the alarm bells on a global economy that looks to finally be buckling under the pressure of Fed hikes, late cycle concerns and, perhaps just as important, trade tensions. Save an obligatory nod to slowing business spendi