China Trade Implications
China purchasing manager index is down, and for 4 straight months, especially with regards to exports.
What is this index composed of, usually several components, but especially: new orders, production, order backlogs, employment, and supplier deliveries
What does it mean? The Chinese economy is in bad shape, U.S. stocks and especially commodities are falling because of this. Their currency is starting to depreciate and although, this is set by their Govt, it could be a function of a change in policy.
Bottom line, we haven't hit bottom yet, tax policies to stimulate investment are more important now than ever.