The “China is back to normal” narrative

by lubujackson

Much of bull confidence comes from looking at China where they “have the virus beat” and re-opened factories.

But look closer. The state is mandating workers go to work. What do they do on the weekend? What do they do after work? Check out the the driving data from TomTom for the last 7 days. Notice anything interesting about weekend data?

TL;DR: Nobody is doing sh*t in China without a gun to their head. V-shaped recovery is not going to happen.