Well, the completely-fake, utterly-made-up Chinese economic “data” was released yesterday evening (my time), and the ES liked what it saw. It was up about 8 points or so when I went to bed. As of now, it’s down double digits, since maybe people are figuring out that Communists dictatorships will dream up figures month after month to keep themselves in power, and maybe reality isn’t what is being stated.
More important than that to me is crude oil, which continues to be a better arbiter of The Truth than Chinese bureaucrats. Keep falling, fellas. (I took this snapshot before the opening bell; crude is even farther down than it was……..)
