The data we analyze on a daily basis continues to suggest China may be bottoming. Could this be the catalyst which prevents a U.S. slowdown?
As Macro analyst Christian Drake explains in the clip above, while it’s not uncommon for the two countries to “decouple,” investors shouldn’t count on China saving the U.S. economy.
“If you’re of the view that China bottoming is a fulcrum factor in global growth…and we get any sort of resolution on the trade front, an improvement in the Chinese data will help to create a sort of soft landing scenario for the U.S. domestically,” Drake explains.
“It may cushion the deceleration, but it’s not going to arrest the deceleration.”
Watch the full clip for more.