The Fast pros have spotted new signs of life in China. Its purchasing managers index rose back above 50 in September, pointing to expansion.
Is this a number a game changer?
According to trader Brian Kelly – yes.
”The PMI shows there is still growth in China,” he says but there are other reasons to feel bullish.
”Fed officials are talking about expanding the balance sheet. Those factors combined with the market moves makes me think – things weren’t as bad as I thought they were.”
He’s playing this thesis long Australia via the EWA .
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CNBC.com with wires.