Monday Macro - Higher rates, longer, plus corporate earnings redux. Surprise, surprise they're falling. And why the DAX loves China.

What is it that the German corporate elite knows that we don't about trading with China - and why it may all go terribly wrong.

So, time to return to our favorite subject - corporate earnings, but first a quick catch-up on macro stuff. Everyone got terribly excited last week by the tantalizing prospect of a pivot by central bankers, only for Uncle Jerome to put a dampener on proceedings. I stick to my narrative like a broken record paler - watch how corporate earnings disappoint…