The United States: Let’s begin with the GDP report which was a touch weaker than expected.
Nonetheless, the second quarter expansion was more than double what we saw in the first quarter and represents a 2.1% increase from last year. Consumption drove much of the growth. Also, net exports were additive to the GDP for the second quarter in a row.
China: Residential property prices continue to show signs of strength.
Equity Markets: The percentage of bearish investors is approaching a multi-year low.
For example, Merrill Lynch’s private clients remain heavily weighted in stocks, with extremely low allocations to bonds and cash.
Emerging Markets: Which nations have borrowed the most in foreign currencies, making them vulnerable to a currency crisis?
The Eurozone: The euro rally remains intact. Is it overdone? Will a stronger euro make it more challenging for the ECB to begin removing stimulus?
Credit: Here are some statistics on infrastructure debt defaults.
Rates: Is the dollar oversold? The US currency has diverged from the slope of the yield curve on the short-end.
Food for Thought: What do people hate in each state (bases on the Hater app)
Edited by Joseph N Cohen
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