REVIEW: A critical theme has popped up over the investment landscape in the early days of 2019: the US economy is tracking Asia, and it is slowing down.
The US manufacturing purchasing managers index (PMI) released this past week showed that factory activity slowed in December on the heels of China’s own manufacturing PMI that showed a contraction. Meanwhile, Apple Inc issued a revenue warning – cutting its forecast as it said slowed demand in China and fewer iPhone upgrades have negatively impacted its performance.
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