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China's Sales/Production Data And PBOC Measures Spark A Renewed Risk-On Rally
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China's Sales/Production Data And PBOC Measures Spark A Renewed Risk-On Rally

Better-than-expected data in China and PBOC stimulus boost investor sentiment to end the week

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David Rosenberg
Oct 18, 2024
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Early Morning with Dave
Early Morning with Dave
China's Sales/Production Data And PBOC Measures Spark A Renewed Risk-On Rally
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Highlights

• Better-than-expected data in China and PBOC stimulus boost investor sentiment to end the week

• Favorable seasonal adjustments provide a false glow to the September data

• The U.S. economy only has three areas of support – fiscal policy, the AI boom, and the “wealth effect”

• The Australian dollar looks set to strengthen

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