Article Category: PMI Data

What’s This? The Start of a Correction?

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It’s been a rough start to the week (or an exciting start, depending on your perspective) as a result of reescalating trade tensions between the U.S. and China. On Sunday, President Trump stated that tariffs on $200 billion worth of Chinese imports would increase from 10% to 25%, and that another $325 billion in goods could fall under the 25% tariff “shortly.”


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Posted in: China Corrections Economy PMI Data Trade

Neutral Near-Term, Bearish Longer-Term

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We saw a strong rally in global equity markets yesterday, and much of that move was predicated on an improving Chinese landscape. On Sunday, the official Chinese Purchasing Managers’ Index came in at 50.5 (for March), signaling expansion for the first time in four months. The previous reading of 49.2 represented a three-year low.


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Posted in: Dow Theory Global Growth Inflation PMI Data Recessions Yield Curve

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