MBCC TH 15th August'23 - "Before every recession, the world thinks there is no recession...watch while the world is imploding around you!"

This morning we got data from China, with July #DATA WEAKER THAN EXPECTED China's #retail sales grew 2.5% y/y in Jul, vs expected 5.3%, previous 3.1%. China's #industrial output grew 3.7% y/y in Jul, vs expected 4.6%, previous 4.4%. China's fixed-asset #investment grew 3.4% y/y in Jan - Jul!

All this when every single sell side bank/analyst is STILL holding onto the thesis that China will print and all will be well again…BUT why are they not and why they cannot?

We tell you what this means for your stock portfolio selection?