ECONOMICS

US Industrial Production dipped in March from record highs…

Source: Bloomberg

The headline industrial production fell 0.3% MoM (slightly worse than the 0.2% decline expected (after February's jump was revised higher to +0.8% MoM)…

Source: Bloomberg

But, US Manufacturing rose 0.3% MoM – its 5th straight monthly rise…

Source: Bloomberg

Output at utilities declined on warmer weather, while mining and energy extraction rose.

Capacity (more…)

Ahead of tonight's grand unveiling of what Beijing wants the world to think about its economy, the market was active with Gold soaring at the China open for the third day in a row…

…and the Yuan fix notably lower again…

Ahead of the GDP print, we saw both new and existing home prices released by the statistics bureau for March showing price drops have slowed on a month-on-month basis…

• China March New Home Prices Fall 0.08% M/M

• China (more…)

The (establishment) world and his pet rabbit has been screaming at you for weeks that the American consumer is about to suffer the worst hyperinflationary hell ever (according to UMich survey respondents) as President Trump attempts to even up the score among its 'allies' over trade policies.

The last 24 hours have thrown a couple of curve balls at the established view – supporting the Trump administration's presumption that ultimately other countries will eat the (more…)