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US Equities Give Up China, Japan "Bad News Is Good News" Gains
Well that didn't last long. After diappointing data from Japan (very weak Reuters Tankan), and China overnight confirming the weekend's dire trade data (and crushing the soft survey-based idiocy of the PMIs), global equity markets ramped abruptly because "bad news is good news" still in China - meaning moar stimulus is due. However, Draghi's lack of exuberance this morning, and the reality of Macy's outlook reflection on the US consumer have dragged all the overnight gains back into the red...
Charts: Bloomberg
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Kevin must have taken an early vacation and forgot to turn on the BTFD robots.
Banksters got another rabbit in the hat for their buddies at DB? Distribution picking back up last couple of weeks after the stick save. Approaching the 52 week low.
Guess it's time to sell gold.
that's not right. how can the price be going down? [/mortimer]
What really happened to humans?
a. Nuclear Bombs
b. Climate Change
c. CB's