Who Sets the Weather?
Wednesday, November 15th, 2017 Categories: China, QE / QT, Real Economy, United States
US monetary policy vs the real economy in China
We may be about to witness a live experiment as to who sets the weather for global equity markets. Is it monetary policy in the US? Or is it the real economy in China? Conventional wisdom says it will be the US, but investors should know that our sector-based cyclical vs defensive indicator in China has started to move towards defensives.