$STAR #ChinaJulyOutputRetailInvestmentAllMiss #CMESeptemberHikeOddsFallTo30.6% #IsraelStrikesLebanonKillsHezbollahCommander #SECCancelsCryptoRulemakingMeeting China's economy just handed markets a reminder that the recovery story isn't as clean as the headline growth targets suggest.
July data released this week showed industrial output growing 4.5% year-on-year, down from 5.3% in June and short of the 4.8% economists had penciled in. Retail sales were softer still, rising just 0.6% against expectations closer to