what you're not being told is global trade is plunging again — the whole narrative by wall street was that growth was supposed to pick up at the end of the year. pic.twitter.com/AMme1tCF4A
— Alastair (@StockBoardAsset) November 1, 2019
ANZ Global Leading Index is well below trend pic.twitter.com/MCpNL3gaH1
— Tracy Shuchart (𝒞𝒽𝒾 ) (@chigrl) October 31, 2019
Overnight PMIs (below 50 is in contraction)
Netherlands ⬇️ 50.03 v 51.6
Greece ⬇️ 53.5 v 53.6
Sweden ⬇️ 46.0 v 46.3
Ireland ⬆️ 50.7 v 48.7
Switzerland ⬆️ 49.4 v 44.6
Norway ⬆️ 54.9 v 51.8
UK ⬆️ 49.6 v 48.3
Turkey ⬇️ 49.0 v 50.0
Czech Rep ⬆️ 45.0 v 44.9
Russia ⬆️ 47.2 v 46.3— Tracy Shuchart (𝒞𝒽𝒾 ) (@chigrl) November 1, 2019
(JPPMIF=ECI) 31 Oct – 08:30:24 PM – JAPAN OCT FINAL MANUFACTURING PMI SHOWS OUTPUT, NEW ORDERS SHRINK FOR 10TH STRAIGHT MONTH – [RTRS]
— Alastair (@StockBoardAsset) November 1, 2019
US: Consumer confidence indices below two year trend (ANZ) pic.twitter.com/ulfFO8MutB
— Tracy Shuchart (𝒞𝒽𝒾 ) (@chigrl) October 31, 2019
(KRW= KRTBLP=ECI) 31 Oct – 08:00:00 PM – S.KOREA SAYS OCT SEMICONDUCTOR EXPORTS -32.1% Y/Y – [RTRS]
— Alastair (@StockBoardAsset) November 1, 2019
A #recession still seems to be a black swan for Wall Street analysts….82 are surveyed by Bloomberg and not even one out of those 82 expects a recession in 2019,2020 or 2021…#careerrisk #mindtheyieldcurve #earningsrecession @RaoulGMI @ttmygh @jessefelder @MarkYusko pic.twitter.com/FQHKyLDFIG
— Ronnie Stoeferle (@RonStoeferle) November 1, 2019
US MFG. Contracts For 3rd Straight Month As Production, Imports Plummet
“…the overall picture therefore remained one of only very modest growth and guarded optimism…”