China’s Soft Landing

(1) US oil production still going strong. (2) Saudis’ game of chicken. (3) Secular stagnation in Eurozone weighing on global economic growth. (4) Chinese imports suggest growth weaker than shown by GDP. (5) Emerging markets hard hit by China slowdown. (6) China still dependent on export-led growth. (7) Chinese crude oil demand and railway freight traffic also weak. (8) S&P 500 earnings and revenues remain on bullish trends. (9) Dudley's upbeat outlook. (10) Focus on market-weight-rated S&P 500 auto-related industries.