Picking up speed

Encouraging data from around the globe backs a bull market view.

The data from all around the globe this week, has been extremely encouraging of my Grand Bull Market view of the world. Morever, that view is in no way diminished by news reports this week of ‘China PMI data for manufacturing’ which came out at a low number of 47.7… these reports are based on a smallish sample put together by HSBC. Invariably this number turns out to be significantly upgraded once we see the “official” data, which has yet to be released. The official China PMI is very likely to come in at close to 50.0, which maintains a strong demand and positive overall economic outlook for China

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