Brave new world: RBI’s significant GDP downgrade, plus why dollar may rise sharply

The last man standing also start to get wobbly: US economy and US markets were the last bastion of growth in the no growth world. Trump tweets and China talks were only distraction, but data was never really weak. In the last couple of days markets have started questioning US growth narrative with the biggest fall in US manufacturing PMI which came at 47.8 lowest since 2009 and ADP employment data, today suffered drastic downward revisions signalling that US payrolls might have peaked.

Why US Dollar could rise sharply: US CPI follows Manufacturing Activity closely and falling inflation could make US dollar and short rates more attractive VS US equities or GOLD

RBI FY20 Growth Projections: Change in GDP growth projections for FY20, between February and October 2019. This is significant downgrade

Damage is done: The “Widow Maker” asset aakes a comeback- Japanese Bond Market revolts as BOJ decides not to buy long dated bonds in QE.

Charles Schwab eliminates online US Stock, ETF, Options, Commisions: The only catch…..your order will go through High Frequency Traders. These HFT will pay Charles Schwab to route your orders through them so that they can have a “First Look.”