China Enjoys Rebound In Credit Growth After October Collapse
Fingers crossed.
Fingers crossed.
“At the depth of the market selloff last December, we set a controversial S&P 500 price target of 3,100 for 2019”.
“The current market configuration has emerged largely during a prolonged period of low volatility”.
After all, we’re “playing with the house’s money”.
“Based on what I know”…
Entrenched PPI deflation took a toll on profits for industrial enterprises in China last month,
Thank the “easy soft patch”.
“Their evil hope is that Hong Kong will go down in chaos”.
“President Trump needs to sign the bill using braille”.
This sounds like a trivial statement (and it is), but…
Risk aversion runs rampant as Hong Kong bill hits sentiment.
“We should just expect the PBoC to keep adopting this combination in the future”.
More dribs and drabs.
There’s plenty of optimism, but when it comes to trade, market participants are understandably jaded.
“Some businesses are faced with operating difficulties”.
More uninspiring (and unwelcome) data to undermine the optimism.
The engine of global growth and credit creation is stalling.
“What’s certain is that”…
“…the pace of job losses at manufacturers was the joint-fastest for over a decade”.
Trade optimism is running rampant and crowded positioning looks set to unwind.
With officials still reluctant to countenance broad-based, “kitchen sink†stimulus, some worry stagflation is imminent.
“So far, all systems are go on that”.
…a maddeningly slow drip of stimulus.
As expected, the engine of global growth and trade continues to decelerate.
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