Equities Soar, Oil Back Over $30 On Hopes For More Stimulus Following Disturbing Chinese Data
![Equities Soar, Oil Back Over $30 On Hopes For More Stimulus Following Disturbing Chinese Data Equities Soar, Oil Back Over $30 On Hopes For More Stimulus Following Disturbing Chinese Data](https://5ux.com/sites/5ux.com/files/styles/medium_250/public/resize/remote/cc6a1c7717852b8a7b35aa94b607625b-600x312.jpg?itok=19BH-TbE)
Only the most intellectually dishonest can claim that last night's Chinese economic data deluge was anything but miserable. As we showed last night, everything missed:
- Industrial Production +5.9% (MISS vs +6.0% YoY expectations)
- Retail Sales +11.1% (MISS vs +11.3% YoY expectations)
- Fixed Asset Investment +10.0% (MISS vs +10.2% YoY expectations),
- Q4 GDP growth +6.8% (MISS vs +6.9% YoY expectations).
Even as the real full year GDP of 6.9% was in line, it was still the lowest since 1990...