A day of travelling today so some brief thoughts...
1. Why China matters...(via the front page of today's Financial Times):
2. I have been perceiving value due to the dividend yield signals for a while: mega oil rally:
3. Hang on...didn't US Q2 GDP second estimate look rather good?
US GDP Annualized (QoQ) Q2 S: 3.70% (est 3.20%; prev 2.30%)
Bit of life in the US consumer...although note did follow a bad Q1 hence really need at least another quarter to confirm...and patchy macro tells you that it is not a slamdunk.