Gator Jaws! S&P 500 Pulls Away From Global PMI And Surprise Indices (China’s Repo Rate Declines To Lowest Since June 2018)

The global economy is slowing while the USA remains resilient. Particularly with a trade truce between the USA and China.

The S&P 500 Index is “gator jawing” away from the global PMI Manufacturing index.

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Also gator jawing is the S&P 500 index from the Citi Global Surprise Index.

citisurprisegl

As an example of slowing global economic growth, China’s 7-day repo rate just fell to its lowest level since June 2018.

chinainter

 

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