Global Economic Meltdown?

Investors enthused by yesterday’s gains in stocks ran up against a dose of reality today. Economic data last evening from China presented the usual watermark testing lows that helped to get stocks into this mess in the first place. This morning, fresh data on the manufacturing sectors of Japan, the Eurozone and the U.S. compounded the pain. Stocks still gained in Asia overnight, but they were simply following our lead after yesterday’s relief rally here at home. In Europe, stocks started to surge today as well but turned down intraday. By the 10:00 AM EDT release of U.S. manufacturing data, it was clear investors would be second guessing their fresh bets from Wednesday. Are we in a global economic meltdown?

International Share Sectors	10-01-15
iShares MSCI All Country Asia ex Japan (Nasdaq: AAXJ)	-0.1%
iShares MSCI Japan (NYSE: EWJ)	+0.1%
iShares China Large-Cap (NYSE: FXI)	-0.1%
iShares Europe ETF (NYSE: IEV)	-0.6%
Vanguard FTSE Europe ETF (NYSE: VGK)	-0.8%
iShares MSCI Germany (NYSE: EWG)	-1.6%
iShares MSCI United Kingdom (NYSE: EWU)	-0.2%

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