CNBC Power Lunch April 13, 2016
Were getting the move. There is two primary ones. Better china trade data, particularly on the exports. Then bank earnings, jpmorgan, lets call it good enough. Thats my phrase. People were expecting downbeat commentary. We didnt get that. That helped move the financials and the overall markets. High cash positions forcing a lot of people into the markets, Short Covering going on. Look at the china trade data. The news on china has been relentlessly bearish for a year. Everybody said, oh, my heavens, maybe the news isnt so bad. Short covering rally and hang seng, up 3 . Japan up, france up, eve...
Source: archive.org
