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China Has Its Head In The Sand On GDP Number, S&P 500 Reaching An Inflex

Published 04/11/2015, 06:21
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Policy divergence is back in play, notes Darren Sinden, Market Commentator for Admiral Markets, as he speaks on the Chinese slowdown, and explains why S&P 500 could be in for a slide ahead.

Key Points:

Inflation and growth remains scarce in developed world: Demand outlook is uncertain

China: Slow down isn’t over yet, further easing.

GDP: Momentum indicators suggest much lower rate of growth than the Chinese headline data

China: Transition to service led economy could be faltering

S&P 500: Testing all time highs, RSI reading warrants caution

Significant divergence between NYSE weekly cumulative advance decline line and S&P 500

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