May wasn't a good month for China. Industrial output rose 5% from a year earlier but slower than the 5.4% in April. Also lower than the 5.5% forecast. "In the first five months, the investment in fixed assets (excluding rural households) was 21,755.5 billion yuan, a year on year growth of 5.6 percent, or 0.5 … Continue reading China Economic Weakness
The Trade Desk reported $0.49 per share handily beating estimates of $0.25 a share. Revenue also beat, $121 million vs $117 million expected. Revenue grew 41.2% year over year. They also raised guidance! The company said it expects second quarter revenue of approximately $154.0 million and now expects 2019 revenue of at least $645.0 million. … Continue reading The Trade Desk… Not a Good Day to be in Bed with China
And the market suffers. President Trump said he will increase tariffs on $200 billion in Chinese imports from 10% to 25% starting Friday. The reason cited was an "erosion in commitments by China" said U.S Trade Representative Robert Lighthizer. The problem is China doesn't care what the reason is. They will most likely counter the … Continue reading Trade Talks Escalate
China's Factories Power On for the First Time in Four Months A resolution to the China-U.S. trade dispute is still in the works, but China’s manufacturing sector just returned to growth for the first time in four months, a sign that its government’s economic stimulus appears to be working. Both the private Caixin and official … Continue reading China
