United States: Morgan Stanley expects the unemployment rate to drop below 6% by the end of next year after hitting 15%.
China: The percentage of overdue household loans has risen sharply.
Energy: US crude oil dipped below $15/bbl on oversupply concerns. We are now near the lowest levels since 1999.
Part of the reason for such weakness is the additional crude oil coming in from Saudi Arabia.
Equities: Based on the forward price-to-earnings ratio (12 months out), US shares are quite expensive.
Bets against SPY (S&P 500 ETF) have been rising.
Credit: The largest investment-grade bond ETF continues to see massive inflows.
Food for Thought: Declines in total crime, by city:
Edited by Daniel Moskovits
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