Archive for May 2nd, 2017

May 2,2017 China Private PMI came out, it Missed Also. Plus, Shanghai Home Sales 5 year low

May 2nd, 2017

Well, many of the countries are back from holiday and we got a waive of PMI data tonight. The Chinese Caixin Number came in at 50.3% down .9% MoM.  EU PMI’s missed at 56.7 vs flash at 51.8%, Germany was inline with flash. RBA meet and left Interest the same, the talking points of a budget came out in Australia address an increase in Infrastructure Projects, that spiked up the commodities in the Shanghai Futures , yet that rally didn’t cross over to the europe session which has copper, etc down. VIX is at 10.10 in the second hour of the europe session…how low can this silly thing go? Our Futures are down just a small be at .07% with europe trying to press up. Oil is up .43%. Aud/USD is also up after the RBA left rates the same. BTW IF THIS IS IT, FINALLY our BUBBLE POPS…AAPL will be down BIG after the report AH. Slower China and VIX at 10…perfect storm…but I am a Bear.

May 2017