Domestic Fundamentals less Important than China?

NFIB Small Business Optimism Index (February 2016)

– Index level 92.9. Previous was 93.9

 

 

Redbook Chain Store Sales (week ended 3/5/2016)

– Store Sales year/year  +0.7%. Previous was +0.6%.

This is indicative of soft consumer spending.

We are at a strange time when the economy of China may be driving markets more than these slight changes month/month or week/week in domestic fundamentals.  The difficulty with this is that no one believes the macroeconomic data which China releases.