data disappoint

Hard Landing/Soft Landing Scoreboard Update

Hard Landing/Soft Landing Scoreboard Update: Start a free trial of The Sevens Report.


What’s in Today’s Report:

  • What’s the State of Growth?  Hard Landing/Soft Landing Scoreboard Update

Futures are moderately higher following better than expected Chinese economic data.

Several important Chinese economic reports beat estimates overnight including GDP (5.4% vs. (E) 5.0%), Industrial Production (6.2% vs. (E) 5.4%) and Retail Sales (3.7% vs. (E) 3.5%).  Those reports boosted hopes for an economic acceleration that would help global growth.

Today there are only two notable economic reports, Housing Starts (1.320M) and Industrial Production (E: 0.3%), and it’ll take substantial misses or beats vs. expectations to hit markets (especially given the looming three-day weekend).  However, more Goldilocks readings should help fuel this week’s rebound.


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