Stocks are rallying around the world on strong China economic data and Jamie Dimon's supportive comments on the U.S. economy.
Stocks are rallying around the world on two headlines that support the bull thesis: strong China economic data and J.P. Morgan CEO Jamie Dimon's supportive comments on the U.S. economy.
"We are definitely seeing 'green shoots' and the effect of China's monetary and fiscal stimulus," Brendan Ahern, who runs the KraneShares China Internet ETF and the KraneShares MSCI China A Share ETF, told me. Some geopolitical uncertainty. U.S. economy growing. Inflation moderate. Strong consumer. This, Nick Raich from Earnings Scout tells me, plays into the bull scenario that China is bottoming and the U.S. economy will remain strong:"The main story for investors this year is the numbers are better than feared," he said.
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