Markets couldn’t establish any synchronized trends overall. U.S. markets were mixed while emerging markets and roulette online China stocks fell. Commodity markets weakened led by sharp declines in energy (crude oil) and metals while bonds didn’t gain any traction either.
Economic data was focused on HMI (Homebuilders confidence) which was much higher at 64 vs prior 61. (I guess builders believe great days are ahead.)
China reported better GDP data than expected but much of it was due to dari-java.nl understating the inflation indicator back to 1999. This means “real” GDP is much weaker. Further announced was a note Industrial Production fell to only 5.7% vs 6% expected.
Market sectors moving higher