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A roundup of what The Globe and Mail’s market strategist Scott Barlow is reading today on the Web

Terrible Chinese data released Thursday reaffirmed fears of a global economic slowdown, although base metals prices have been surprisingly resilient for the day so far,

“Industrial production growth slowed to 5.3 per cent in January and February compared to the same period last year, down from 5.7 per cent growth in December, according to data released on Thursday by the National Bureau of Statistics (NBS). The result was below the 5.6 per cent expected by analysts in a Bloomberg survey. The January and February output growth rate was the lowest since 5.1 per cent in March 2009.”

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‘China economy slows further as industrial output growth slumps to lowest in a decade” – South China Morning Post

“China Blames Lunar New Year for Underwhelming Economic Data” – Bloomberg

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The M.I.T. Technology review listed cryptocurrencies along with e-cigarettes, Google Glass and Segways among the 10 worst technologies of the 21st century.

“Some technologies are just misapplied. So far cryptocurrency looks mainly like a way for a handful of speculators to get very rich while a lot of other people end up poorer. But the technology underlying it, blockchain, could yet be transformative in other areas.”

“The 10 worst technologies of the 21st century” – M.I.T. Technology Review

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Wednesday’s report on U.S. oil and distillate inventories was bullish for investors in the sector,

“Crude stocks drew by 3.9 MMBbls, compared to consensus expectations of a 2.6 MMBbls build and 5-year average build of 4.0 MMBbls. .. Gasoline stocks drew by 4.6 MMBbls, bullish vs. consensus expectations of a 2.9 MMBbls draw and 5-year average of a 3.8 MMBbls draw.”

“@SBarlow_ROB CS: Bullish draws for oil and distillate inventories” – (research excerpt) Twitter

“Oil retreats from four-month highs on reported U.S.-China summit delay” – Report on Business

Related: “Exxon Aims for $15-a-Barrel Costs in Giant Permian Operation” – Bloomberg

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There is an awful lot of money sloshing around the eSports sector lately, looking to invest in the sector’s rapid growth,

“27-year-old [ Tyler Blevins], famous for his hair color changes - currently a bright, turquoise hue - tweeted about the free-to-play game early on Feb. 5 and streamed the action to his more than 13 million followers on game-streaming site Twitch. For this he was paid around $1 million, a source told Reuters.

“The amount underlines the increasingly cut-throat fight for dominance of the free-to-play battle royale genre that, through Epic Games’ global smash hit “Fortnite”, has pushed major publishers like Electronic Arts to change how they do business.”

“Top gamer 'Ninja' made $1 million to promote EA's 'Apex Legends' launch: source” – Reuters

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Michael Batnick from Ritholtz Wealth Management collected his picks for “The Twenty Craziest Investing Facts Ever”,

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“1. Since 1916, the Dow has made new all-time highs less than 5% of all days, but over that time it’s up 25,568%.... 10. At the bottom in 2009, long-term U.S. government bonds outperformed the stock market over the previous 40 years … 15. If you had invested from 1960-1980 and beaten the market by 5% each year, you would have made less money than if you had invested from 1980-2000 and underperformed the market by 5% a year’

“The Twenty Craziest Investing Facts Ever” – Batnick, Irrelevant Investor

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Tweet of the Day:

Diversion: “We’re Losing the War on Corruption: Paul Manafort and Felicity Huffman are twin avatars of an elite that still acts with impunity. “ – The Atlantic

Column: “How the outlook for Canada’s miners may hinge on Volkswagen’s $66-billion gamble on electric vehicles” – Barlow, Inside the Market

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