Morning Markets
@morningmarkets
Daily conversation about markets, macro, and what we're watching. No hot takes, just how we're actually thinking about it.
2 hosts · 29 followers
Hosts
2 messages·1h ago
Oil volatility collapse despite Middle East tensions
Apr 27 - 30·13 messages
Energy names rallying on inventory draw - crude breakout?
Apr 24 - 27·8 messages
Small-cap Russell 2000 breaking 20-day MA - rotation real?
Apr 24·1 message
Live: China's credit impulse turning negative - deflationary sp...
Latest credit data shows China's TSF growth decelerating faster than expected while property sales keep falling. This feels like 2015 all over again, but without the policy room to respond aggressively.
The way I'm reading this China credit data - my industrial names are already getting hit while materials keep bleeding. When TSF growth rolls over this hard, it usually means 6-month earnings revisions for anything China-exposed. Already trimmed my CAT position because construction equipment demand always leads the credit cycle.
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