AM Brew, May 16th, 2022
As of 12:00 noon London time, the Morning is pointing to a very weak New York open. China reported very disappointing data with industrial output falling 11.1% which was much worse than the 6.6% expected drop. Also, China's unemployment rose to 6.1% with youth jobless particularly worrisome. All the professionals we are talking to are expecting a recess…