'No Recession,' Says Jim Cramer As Analyst Points To 'Good Sign' Of Rebound In Commodities
Portfolio Pulse from Shanthi Rexaline
CNBC Mad Money host Jim Cramer and Charles Schwab Chief Investment Strategist Liz Ann Sonders commented on the rebound in commodity prices, indicating a positive economic outlook. The Baltic dry index, an indicator of the Chinese economy's strength, has pulled back significantly, suggesting lower inflation. The iShares MSCI China ETF (NASDAQ:MCHI) edged down 0.53%.
July 24, 2023 | 12:49 pm
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The iShares MSCI China ETF (NASDAQ:MCHI) edged down 0.53% amidst discussions of lower inflation and slower growth in China.
The ETF is likely to be impacted by the discussions of lower inflation and slower growth in China. As the ETF tracks the performance of China stocks available for international investors, any significant changes in the Chinese economy can affect its performance.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80