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May 9,2017 China Continues to Slow..the Theme of 2017

May 9th, 2017

Over the weekend China released it’s trade data and it missed across the board due to a lack of demand in commodities. Tonight China released a story on how they will be cracking down more on State Owned Companies making investments overseas, (they are seeing alot of fraud around it). On Monday the Euro finally sold off vs the USD. It was sort of weird on Friday when the USD actually sold off on the NFP beat, but Monday it finally acted the way it should. THe Shanghai Futures continue to have Copper and the other metals weaker. Futures are Flat after a weaker Asian Session. I am amazed we aren’t selling off hard?? I guess everyone is holding up the market while they borrow stock to short?

May 2017