Good discussion here on the continued deterioration in Chinese earnings and equity markets which typically have led North American equity cycles by 3-4 months. The hosts grasp at the usual straws of “but won’t more central bank intervention reverse all this?” Sean Darby, Global Head of Equity Strategy, Jefferies says first-half earnings for Chinese firms are set to be one of the most disappointing on record. (Accent alert: Sean talks at the start about a build up in “inventory” being a negative but he pronounces it “infantry”. LOL)
Also see WSJ: No shelter from China’s export storm.
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