Who Ya Got? 81% of economists see recession Vs. Money managers see double-digit stock returns

1. China reopening (I). “Still wonder why they are reopening? Hartnett shows it in one simple chart”.

2. China reopening (II). Goldman Sachs “forecasts that China’s real GDP growth will rise 1.5 percentage points to 4.5% in 2023, and then to 5.3% in 2024”.

3. PPI (I). Producer prices “came in above est on both headline (7.4% vs 7.2% est) & core (6.2% vs 5.9% est). Still falling quickly on a y/y basis, but upside surprises don’t bode well for upcoming CPI prints”.

4. PPI (II). Here’s the month-to-month breakdown including the top 5 subcomponent contributors.

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https://www.dailychartbook.com/p/daily-chartbook-101