Alan Bush is the senior financial futures analyst at Archer Financial Services, Inc. in Chicago. He can be reached at email@example.com. The views expressed in this article are those of the author and do not reflect the views of Archer Financial Services. Additional research can be found at www.archerfinancials.com
There has been a lot of distressing analysis regarding China’s economy and its impact on global growth, but the world’s second largest economy finally could be turning around. There is evidence that a Chinese economic recovery is near. This is in stark contrast to the majority of economists and analysts that say there is more pain in store for China. Many analysts are predicting the slowdown could escalate into a hard landing.
Those supporting a bullish view on equities could accurately be compared to the boy who cried wolf. But six months into the current upward correction, an argument can be made that even though pain is still apparent, the leading indicators are pointing up.