Market loves the “big progress” tweet. Meanwhile, copper is in retreat and China’s PMI just hit a contractionary three-year low print of 49.4 in Dec as growth weakens to a 28-year low.
Market loves the "big progress" tweet. Meanwhile, copper is in retreat and China's PMI just hit a contractionary three-year low print of 49.4 in Dec as growth weakens to a 28-year low. — David Rosenberg (@EconguyRosie) December 31, 2018 https://twitter.com/MacroTechnicals/status/1079719892302159873 The last time #China's Manufacturing #PMI fell below 50, the Chinese government provided significant stimulus, … Read more