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Crude & Copper Crumbling After China Reality Sinks In

The initial exuberant jump in commodities on better than expected (though still worst in over 6 years) Chinese GDP data is rapidly giving way to the "good news is bad news" reality of a lower probability of massive stimulus new normal. Crude and Copper in particular are tumbling this morning as the dismal reality of nominal (ex the magic of the deflator) GDP around 6.2% sinks in...

 

 

Charts: Bloomberg