I not sure China will put out data that shows hard landing even if they have one...so it will look fairly positive on our side I am surprised Saudi is not jawboning oil to the upside more often these days? The combination of Saudi putting a floor in crude and China slipping through little white lies of good economic data would easily take us back above 2100 and further
Okay....fed minutes are tomorrow so get ready for some extreme move going into the afternoon... As we all know these are the last minutes before the next fed meeting which is one month away....now we all know the fed bows to wallstreet, that's why tomorrow yet again the fed will give wallstreet what it wants to hear and NOT what its suppose to hear.... I think they will do anything possible tomorrow in those fed minutes to keep the markets guessing but I think they will come up with any excuse on probably not wanting to raise in December because we all know they are of course data dependent and bow to wallstreet no matter what the circumstances are as to keep rates at 0%%%%% for as long as they possibly can.....so get ready for it tomorrow... Think the markers could set up for an easy 1.5% skyrocketing gain tomorrow...
The $50B+ in product that AAPL sold in one year in China must confuse you. That's very real, AAPL doesn't lie about their sales. All those consumers have real disposable income in a country where not many years ago most were poor. Their huge population can be a game changer if they even have moderate buying power by NA standards. I'm cynical of any claims that China lies about their numbers when AAPL sells so much there.
Two totally different entities with disparate motivations. They're not to be equated and China is hardly trustable.
One thing is a constant, the sun rising every morning as well as the stock index futures. They rise overnight 90% of the time. So easy making free money.
The fed will now use global uncertainty as the new excuse to not raise rates. Soon it will sound like this. Federal reserve keeps rates unchanged sighting global uncertainty. Earthquakes, hurricanes, fires, typhoons, flooding, all can and will be used as future excuses.