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The United States: In the housing market, sentiment among homebuilders is on the rise.
Wage inflation tends to drive labor productivity.
The Eurozone: Fund managers have been increasing their allocations to Eurozone equities.
Japan: The BoJ finally exited its negative-rate policy and abandoned yield curve control.
Equities: The S&P 500 price has been outpacing valuations (forward P/E ratio).
Global Developments: Here is a look at equity markets’ beta to global manufacturing activity.
Food for Thought: Share of global stock market capitalization by country over the past 50 years:
Edited by William Villacis
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