Editor's Note: Below is a brief excerpt from a note we sent to Hedgeye Risk Manager subscribers earlier today. Click here to understand the investing implications and learn more about Hedgeye Risk Manager.
It's been a great run for global economic growth. However, after a multi-quarter "synchronized global recovery," we think this increasingly consensus narrative is played out.
The cracks are becoming more evident with each passing day. And there's the really big problem that can't be ignored: China's economy is slowing. As we detail below, this will have serious implications for our 1Q 2018 call on #GlobalDivergences.
Here's the latest #ChinaSlowing data in a brief note written by Senior Macro analyst Darius Dale this morning:
CHINA: Data confirming our #Quad3 forecast for Q1… Lunar New Year seasonality notwithstanding, today’s Manufacturing PMI print puts a lot of onus on a March bounce to reverse the sharp trend lower in China’s manufacturing sector