Be aware of this.
The recent collapse in Chinese ADRs suggests significant deceleration in US PMI in the near future.
Note:
We had one of the strongest economic environments in history in the last 6 months.
Now, growth seems to be mean reverting. pic.twitter.com/dR8bsvzIwF
— Otavio (Tavi) Costa (@TaviCosta) July 31, 2021
Bonds to PMI: “Can you just stop all the extreme drama!” pic.twitter.com/jveMnCH70E
— AnilVohra1962 🇬🇧🇨🇦 (@AnilVohra1962) July 31, 2021
Chines stocks pic.twitter.com/6xGwIAUZXx
— Álvaro Oviedo (@alvoviedo) August 1, 2021
How transitory is rent? 🤔 pic.twitter.com/0fyr3GJEWT
— Win Smart, CFA (@WinfieldSmart) August 1, 2021
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