We Are Close To The End Of The Tactical Rally – Credit Suisse strategists
via reuters pic.twitter.com/AJ1UwZceS3
— *Walter Bloomberg (@DeItaOne) February 18, 2019
China’s slow down in a picture
Sales of vehicles in China in January -15.8% y/y (prior -13%) t.co/zQyoPEfdgl
— ForexLive (@ForexLive) February 18, 2019
- Stocks have been euphoric about the potential for a trade deal between the U.S. and China, but the bond market has been acting gloomy and has been more focused on uncertainty and the chances for a recession.
- Buyers have been flocking to both markets for different reasons, and analysts say ultimately one of them will be right.
- The Fed’s signal that it could hold off on interest rate hikes has been a factor behind the stock market’s rise, and relatively low bond yields, which move opposite price.
Electronics exports from Singapore – the global hub of fabrication – plunge 15.9%, worst in 5 years.
This is not just China – global trade has fallen off a cliff pic.twitter.com/Nt7riam5qi
— zerohedge (@zerohedge) February 18, 2019
Singapore exports fell 10%. Not good pic.twitter.com/MdQ1SVlE5c
— David Ingles (@DavidInglesTV) February 18, 2019
Long-term real global GDP growth forecast is at a historical low despite the move towards zero interest rates, the large expansion of central banks’ balance sheets and the substantial fiscal expansion in the US, Goldman shows. Trend growth has been slowing everywhere since GFC. pic.twitter.com/5noq8V2bjD
— Holger Zschaepitz (@Schuldensuehner) February 17, 2019
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