Stocks Rally Across the Globe on Bullish Economic Data from China

[Click to view in browser](. Dear Reader, Equity markets shrugged off the latest wave of COVID-19 cases around the world and rallied across the board Monday. Improving economic numbers in [China]( helped lift Asia's markets (and S&P 500 futures) overnight. Specifically, the data showed (for October) gains in [China]( retail sales, industrial production, and employment: - Retail sales increased by 4.3% year-over-year (vs. economist estimates of 4.9%) - Industrial production rose 6.9% year-over-year (vs. 6.5% expected) - Fixed asset investment increased by 1.8% from last year (vs. 1.6% expected) - The unemployment rate dipped to 5.3% from 5.4% (in-line with expectations) Europe's equity markets followed suit and rallied between 1% and 3%, with Spain's IBEX leading the way with a 3.1% surge. While the S&P 500 gained .8% at the opening bell this morning, Tuesday will be more telling as the market will digest a host of data, including retail sales, import/export prices, industrial production, business inventories, and the latest reading from the NAHB Housing Index. Meanwhile, here are some other stories from our publishing partners that caught our attention to start the trading week: Business/Commerce [Trust in TV News Media Continues its Steep Decline in the U.S.]( by visualcapitalist [Read More]( 588 [The Super Cold Covid Vaccine Distribution Problem]( Even though Mr. Market is over the moon about the prospects for a not-yet-approved-by-anyone Pfizer Covid vaccine, Naked Capitalism readers quickly pounced on the question of whether or not the unprecedented mass distribution of a vaccine that needs to be kept at roughly -100F for no more than five days... [Read More]( 444 [How Do the Greeks Affect Options Investing?]( Watch The Greeks: Theta, Vega and Rho,a free webinar presented by OIC. Learn about options’ exposure to the Greeks, the impact of time decay and more. [Sign up now to watch now!]( Sponsored Speculation [2020 “Globie”: The Carry Trade]( Yves here. So many books, so little time! I might quibble at the margin (as in I might take the view that their definition of “carry trade” is a bit overbroad) but there’s no question that carry trades have been major drivers of financial crises and instability. In the 2007-2008 financial crisis,... [Read More]( 364 [Prepare for Winter]( Realism must precede optimism or the optimism will collapse as the tsunami of reality comes ashore. [Read More]( [Investors fear a stock market crash under President Biden.]( Emerging market mutual funds and ETFs can offer diversification as well as investing opportunities in high-growth markets outside of the United States. [Explore your options.]( Sponsored Economics [Mortgage Rates and Ten Year Yield]( With the ten year yield at 0.89%, and based on an historical relationship, 30-year rates should currently be around 3.0%. Mortgage News Daily reports that the most prevalent 30 year fixed rate is now at 2.94% for top tier scenarios. So mortgage rates are about as expected. The graph shows the relationship... [Read More]( 201 [Lack of inflation in September consistent with weak demand; real wages increase, but will the pandemic derail the gains?](  [Read More]( 18 [NY Fed: Manufacturing: Business activity "expanded slightly" in New York State in November]( The number printed well below expectations [Read More]( You are subscribed to email updates from [InvestingChannel](. To stop receiving these emails, you may [unsubscribe]( now. InvestingChannel, Inc., P.O. Box 118 New York, NY 10018. [Link](