The fact of the matter is that I like the chart more now than I did a month ago.
Disappointing many economists, China has issued a GDP growth goal of "around 5.0%" for this year after badly missing its target last year.
Here's what I think mattered more than anything else late last week as the market rallied.
Here's why I'm a fan of stock buybacks when done correctly. Hint: Don't look at Bed Bath & Beyond.
We got a bit of encouragement.
The annual meeting of the Chinese legislature coincides with a once-in-five-years reshuffle of the cabinet, as President Xi Jinping seeks to bring the bureaucracy under his direct control.
We are starting to see correlations between asset classes decouple. Just like high commodity prices are the cure for high commodity prices, high yields will eventually be the cure for high yields.
Corporate insiders continue their selling.
China consumes more copper than any country on earth, and demand for the red metal rises as its economy improves.
There is less and less of a good reason to take on risky assets at this point than there has been in decades. Cash is not just cash anymore.