Global Cooling Alert: Thanksgiving Sales Plunge, Germany Contracts, Japan Downgraded, Copper Tumbles, WTI Lowest Since 2009, Gold Up

It started with the shocking NRF announcement that US holiday sales cratered 11% over the extended Thanksgiving weekend (which the NRF blamed on an "improving economy", to which even Goebbels bows down his head), but also China's latest manufacturing print miss expectations for the 2nd month in a row and drop to 8 month low, and moments thereafter, Eurozone releasing a downward revision to its October PMI data, with the all-important German PMI now openly in contraction, revised down from 50.0 to 49.5.
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