In today’s briefing:
- Range Bound – Portfolio Changes, China’s Low Pulse, Why Earnings Will Go Down, and More
Range Bound – Portfolio Changes, China’s Low Pulse, Why Earnings Will Go Down, and More
- China’s trade, credit growth, and inflation numbers were all uninspiring. Not offering the counterweight to slowing growth in the rest of the world that many investors are hoping for.
- NASDAQ: the percentage of stocks trading above their 200-day moving average is a meager 30%.
- Global earnings numbers will drop. China’s producer price deflation intensified in April, with the PPI falling 3.6% from a year ago. Historically, there is a close relationship between global earnings-per-share.
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