Market Analysis

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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