Greetings,
United States: The spread between the Conference Board’s and the U. Michigan’s present-conditions sentiment indices signals that we are in the late phase of the economic cycle.
The United Kingdom: Here are some BoE policy rate scenarios from Capital Economics.
China: Growth in construction starts peaked in mid-2018 and has been consistently slower since then.
Energy: Here are some charts related to Saudi Aramco’s IPO.
Life of proved reserves:
Production costs:
Equities: The S&P 500 is making new highs while the UBS global economic surprise index peaked last year and continues to decline.
Food for Thought: Labor force participation by state:
Edited by Daniel Moskovits
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