People think that Chinese will rescue the market like the western countries with buying the dip and other bullshit.. you’re getting it completely wrong.. they learnt that saving zombie companies will bring them toward the collapse in the long term like the FED did with US
— 🅰🅻🅴🆂🆂🅸🅾 (@AlessioUrban) August 31, 2021
The street, yet again, completely wrong on China PMI. All order data weak with non-manu new orders collapsing. Only weaker in lockdown panic in Feb 2020. Weaker growth coming. #china #recession pic.twitter.com/VwrF1qEi9m
— PPG (@PPGMacro) August 31, 2021
— Dark Pool Charts (@darkpoolcharts) August 31, 2021
"Move along folks, nothing to see here…move along" pic.twitter.com/34XslNJJdH
— M/I_Investments (@MI_Investments) August 31, 2021
August will be the 7th positive month in a row for the S&P 500. Such has occurred only 10x in history going back to 1900.
If September is positive an 8-month stretch has occurred only 5x.
Odds fall quickly thereafter. pic.twitter.com/8YD8wbPjIW
— Lance Roberts (@LanceRoberts) August 31, 2021