Empire State Manufacturing Survey shows a massive diversion of 32.2 points. Expected 52, actual 19.8.

by laflammaster https://www.newyorkfed.org/survey/empire/empiresurvey_overview.html#tabs-1 Participants from across the state in a variety of industries respond to a questionnaire and report the change in a variety of indicators from the previous month. Respondents also state the likely direction of these same indicators six …

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China leads the economic cycle: China data shows levelling off, but yields are catching up with prior slide … and there is a shortage of ‘safe’ assets

Bond markets on track…yield drop about weak #China economy, not delta variant. See China 1-year yields and economic momentum index @johnauthers @rbrtrmstrng @gnoble79 @ttmygh @RealVision pic.twitter.com/KmtycfRfOy — CrossBorder Capital/ GLIndexes (@crossbordercap) July 20, 2021 china large cap ETF vs SPY …

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