ajtj99's Market Pulse

[Jerry Olson]

well AJ is sorely missed here...we are in a upward consolidation phase right now...it could go either way soon.

China investment surge boosts recovery hopes - ReutersReuters reports Chinese investment surged in May, fanning hopes the world's third-largest economy may lead a global recovery, although a record slump in Japan's Q1 GDP reinforced expectations any rebound would be slow. China's investment pick-up, which came on the back of large government stimulus spending, offset surprisingly weak figures for exports and imports, which both fell for a seventh consecutive month and at an accelerating pace. Global data has given increasing signals of a rebound from the deepest recession in six decades, driving stock markets sharply higher from a March trough. European Central Bank policymaker Christian Noyer said on Thursday the global economy could resume growth between the end of 2009 and mid-2010. However, Noyer warned businessmen in Hong Kong that rising unemployment could still hurt consumption and growth prospects. Financial markets also worry that huge U.S. government spending and Fed cash injections will spark inflation and undercut any nascent rebound.