global macro data from asia to europe and america in the last 24 hours shows deterioration – the hope for a glorious 2h rebound is so far fantasy
— Alastair Williamson (@StockBoardAsset) July 2, 2019
JUST IN :#China's caixin manufacturing #PMI slipped into contractionary zone in Jun, at 49.4, prev 50.2, exp 50.1
Official data released on Sunday remained unchanged at 49.4.Official data tracks large-sized companies, mostly SOEs. Caixin PMI mainly tracks small, private firms.
— YUAN TALKS (@YuanTalks) July 1, 2019
"Euro zone manufacturing remained stuck firmly in a steep downturn in June, continuing to contract at one of the steepest rates seen for over six years," said Chris Williamson, chief business economist at IHS Markit. pic.twitter.com/cGSbizTzHS
— Alastair Williamson (@StockBoardAsset) July 1, 2019
World trade volume vs. FedEx stock price pic.twitter.com/gViRjt5gtu
— Sam Ro 📈 (@SamRo) July 1, 2019
The joy of irritating half of FinTwit – Here is ISM New Orders. Yes, this is technical analysis on ISM. Yes, it has worked for me for the two previous cycles. Yes, it is suggesting a high odds of a sharp move lower. Yes, many of you will shake your heads & call me a charlatan. 😜 pic.twitter.com/2GOOOyW3tT
— Raoul Pal (@RaoulGMI) July 1, 2019
BREAKING! #Germany's Manufacturing #PMI stuck at 45 in June. pic.twitter.com/qqktmvIhzP
— jeroen blokland (@jsblokland) July 1, 2019
Yup, so what might Trump do before FOMC end of month to try and push for his rate cut? #Tariffs
And yet given Global Manufacturing PMIs, we are already pushing the envelope of risk.
China 49.4
Japan 49.3
Canada 49.0
Russia 48.6
Italy 48.4
UK 48.0
Germany 45.0< 50 = recession https://t.co/wHPw5jIz6h
— Samantha LaDuc (@SamanthaLaDuc) July 1, 2019
— Alastair Williamson (@StockBoardAsset) July 1, 2019