Policy divergence is back in play, notes Darren Sinden, Market Commentator for Admiral Markets, as he speaks on the Chinese slowdown, and explains why S&P 500 could be in for a slide ahead.
Key Points:
Inflation and growth remains scarce in developed world: Demand outlook is uncertain
China: Slow down isn’t over yet, further easing.
GDP: Momentum indicators suggest much lower rate of growth than the Chinese headline data
China: Transition to service led economy could be faltering
S&P 500: Testing all time highs, RSI reading warrants caution
Significant divergence between NYSE weekly cumulative advance decline line and S&P 500
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