Below is a chart and brief excerpt from today's Early Look written by Hedgeye analyst Daryl Jones.
|
In the Chart of the Day, we look at the China Composite PMI going back ten years. In contrast to the GDP report, it shows an economy that has floated near the contraction line of 50 for most of Q1 and been slowing for 18 months. No matter how you slice it, slowing Chinese economic activity is not good for global growth. |
