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TPWIM
MSCI’s ACWI equity index breadth has deteriorated sharply over the past few months as illustrated by the ACWI equal weighted index/ACWI. This has historically led to a move lower in the All Country World Index, suggesting caution ahead.
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jml 12 Jul 18
Replying to @TPWIM @jessefelder
China down 25% YTD. HK down 16%. Copper at ytd lows. China retail sales, exports and investments all down. US financials in crapper. So what happened to China being the barometer for the world? US is something else right now w/ wages declining, credit soaring, GDP still 2.2% avg
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