Bad Economic News Out Of China Pushes US Stocks Higher, Here's Why. By Gregory Mannarino
At the time I am writing this article the Dow Jones industrial average is up 150 points.
So, has the stock market given an all clear signal on ANY good news with regard to the US economy?
Have Geo political pressures subsided?
No...
In my opinion the reason why the US stock market is rallying in early trade is because the worlds second largest economy, China, just reported a slew of bad economic data pointing to a slowdown in economic activity.
The economic slowdown in China is simply sending a message to the markets that the Federal Reserve is again going to put any meaningful rate hikes on the back burner, although I do expect one more "token" hike later this year.
Moreover, the China slowdown means that the Federal Reserve will have to leave their balance sheet untouched for the foreseeable future.
It should be clear to anyone reading this article that world central banks will continue to run this comedy act known as the markets...
Gregory Mannarino @marketreport
Couldn't agree more man. When you create as many digital 0's as you want, you can keep the wheel rolling right along for as long as you want. In times of a real market, bad geo-political news would send the market into turmoil, but in today's clown show it's just business as usual.
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Since the US is printing why not do the same anyway. When the time come to pay back no-one will have any money anyway so fair and square we write off equal amount of debt each!
Great post
THAT WAS SOME VERY GOOD INFO AND THANK YOU FOR REPORTING IT AND WE UPVOTED AND RE STEEMED IT TOO
thank you greg
upvoted and resteemed.
Good point, Greg.
thx
Dont let the FED or the banks into Crypto.