Data Disappoints & Challenges Near Term Recovery Hopes

It was only a matter of time before the economic data wouldn’t hold up to the hype and “green shoots” theory trampled on. And yesterday was such a day, quickly reversing risk takers growing optimism. Actually, yesterday started off very well, with China's retail sales posting a 14.8% y/y jump and recoveries champion continued to make headway. However, in the Eurozone industrial production...