Digging into the Chinese GDP growth and understanding the moves in the markets
Cory
October 19, 2016
To kick off today with Chris Temple we address a number of positive data that is driving gold, oil and treasuries higher. Last night China released its GDP growth number that came in at the middle of expectations at 6.7%. We dig a bit deeper to find out how this growth was helped out by easy money policies. There was also better oil data showing a draw down in US oil inventories that surprised analysts estimating an increase.
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Discussion
3 Comments
Oct 19, 2016 19:55 AM
Oct 19, 2016 19:10 AM
We will discuss this with Doc today.
Oct 19, 2016 19:56 AM
Hello AL…How is Kathy ?..Give her my regards & look after your own health.
I still have my 13.50 USO target by the end of the year which means about 59.50 in oil.
USO is about get to 12+ soon.