Posted by DigiNomad on 15th of Apr 2024 at 02:12 pm
Chicken and egg question, I suppose. But it makes more sense to
me that the charts were positioned how they were because they saw
the news coming before the news was printed, not vice versa. At the
end of the day, in the medium to longer term, fundamentals drive
markets. Deflation and slower growth concerns are driving
this market lower right now. If it was just a war story, the market
would likely be rising (more spending).
I don't think it was a coincidence that the market really
lost it's footing after the US PPI missed to the downside (China
PPI also missed on downside the same day...but much worse).
plus digi with China everyone knows their economic data is
always first filtered through their rose glasses - if China says
their growth was 4%, maybe in reality it was 1% LOL, everyone knows
their numbers always have a fudge factor to them that is positively
bias. Didn't their recent GDP come in at like 1 or 0.1%? If so that
means the real number was negative LOL. Again I'm not saying that
the US doesn't use some creating accounting, clearly they do
because of political reasons, but China is # 1 at that
Chicken and egg question, I
Middle East is the excuse ju jour. Meanwhile, Chinese deflation ...
Posted by DigiNomad on 15th of Apr 2024 at 02:12 pm
Chicken and egg question, I suppose. But it makes more sense to me that the charts were positioned how they were because they saw the news coming before the news was printed, not vice versa. At the end of the day, in the medium to longer term, fundamentals drive markets. Deflation and slower growth concerns are driving this market lower right now. If it was just a war story, the market would likely be rising (more spending).
I don't think it was a coincidence that the market really lost it's footing after the US PPI missed to the downside (China PPI also missed on downside the same day...but much worse).
plus digi with China everyone
Posted by matt on 15th of Apr 2024 at 02:20 pm
plus digi with China everyone knows their economic data is always first filtered through their rose glasses - if China says their growth was 4%, maybe in reality it was 1% LOL, everyone knows their numbers always have a fudge factor to them that is positively bias. Didn't their recent GDP come in at like 1 or 0.1%? If so that means the real number was negative LOL. Again I'm not saying that the US doesn't use some creating accounting, clearly they do because of political reasons, but China is # 1 at that
We seem to be neck
Posted by DigiNomad on 15th of Apr 2024 at 02:21 pm
We seem to be neck and neck these days, but China did report a huge PPI miss last week when US also missed on PPI.