Markets Slide Despite Stimulus Hopes After Dire Chinese Data; Yields Plunge | WHAT REALLY HAPPENED

Markets Slide Despite Stimulus Hopes After Dire Chinese Data; Yields Plunge

It's about time we had some bad news which, as everyone knows, is great news for central-bank supported, centrally-planned markets.

The global equity bounce following what many misinterpreted as softer rhetoric by President Donald Trump on the trade dispute with China, fizzled on Wednesday despite dismal Chinese data, while fresh Italian debt woes kept BTFDers on the sidelines.

Ironically, China's data miss was not the catalyst for the drop. As we reported last night, in April every Chinese economic metric posted a sharp decline and missed expectations:

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