Greetings,
United States: The strength in mortgage applications has been impressive.
United Kingdom: The BoE is expected to keep policy on hold (no new stimulus). The central bank financed 122% of the annual budget deficit last year.
The gilt curve has steepened.
China: According to Pantheon Macroeconomics, China’s budget deficit widened substantially last year.
Equities: S&P 500 value and dividend factors outperformed last month.
Rates: The 10yr US inflation swap rate is at resistance.
Food For Thought: Big Tech profits:
Edited by Daniel Moskovits
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