Greetings,
The United States: 13 of the 17 FOMC members expect rates to remain unchanged in 2020. The median “dot plot” has moved lower for both the 2020 and 2021 forecasts in each of the last five meetings.
United Kingdom: It’s election day. Here are the latest predictions.
The spread has tightened (as it usually does).
Europe: European growth shares are trading at an extreme premium to value stocks.
Equites: Mutual fund outflows have exceeded $261 billion over the past 12 months, while ETFs continue to see inflows.
Global Developments: Analysts expect central bank balance sheets to keep growing in 2020.
Food for Thought: Americans’ views on Russia:
Edited by Daniel Moskovits
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