Greetings,
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United States: Households increasingly expect to boost their spending in the next 12 months.
Europe: BCA Research expects tighter government bond spreads given additional easing from the ECB.
Equities: A record percentage of fund managers expect corporate earnings to improve.
Is next year’s earnings jump sufficient to justify lofty valuations such as this market cap-to-GDP ratio?
Credit: The iShares investment-grade corporate bond ETF (LQD) posted the second-highest outflow in at least five years.
Global Developments: How have different currencies performed against the dollar?
Food For Thought: Reaching herd immunity in the US:
Edited by Daniel Moskovits
Contact the Daily Shot Editor: Editor@DailyShotLetter.com
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