| The global economy slowed in mid-2019 on the combination of higher interest rates and the trade war. Since then the Fed and others have lowered rates and now we have a ceasefire in the trade war. Some things like real estate have quickly turned around and stock markets are clearly pricing in more of the same, yet manufacturing is still soft. A few manufacturing surveys were out today and the theme was a continue flatline. A good spot to watch is the JPMorgan global PMI because it aggregates them. It started 2018 at 54 then slowly sank to 49.3 into mid-2019. The latest number was out today at 50.1, which is barely expanding and lower than the previous month. The other spot to watch is AUD/USD. At the end of December it broke above the 200-day moving average for the first time in 23 months. That’s a great sign for the reflation and global growth trade. |
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Alex Chislaru
2020-01-02 at 22:26 (UTC 2) Link to this comment
great stuff thank you
Ace Hardy
2020-01-03 at 10:28 (UTC 2) Link to this comment
?
depth386
2020-01-04 at 23:37 (UTC 2) Link to this comment
You know what this video proves? How terrible Canada’s internet infrastructure is.
Adam Button
2020-03-13 at 12:04 (UTC 2) Link to this comment
hahahhaha. I don't know if it's an upload and transfer thing because it's a really good connection. 1000 mbps fibre to the home.
depth386
2020-03-13 at 14:18 (UTC 2) Link to this comment
Adam Button one final possibility perhaps a problem with your PC. A weak or overheating CPU, or lack of a good SSD and memory. Do you build your own rig?
Tudor Conciu
2020-01-06 at 19:19 (UTC 2) Link to this comment
AWESOME insight! Thank you……. will keep an eye on AUD/USD and GBP/USD throughout the year.