Greetings,
Emerging Markets: The growth in global central bank balance sheets has been positive for the EM shares.
And the recent improvements in the US-China trade situation have been especially helpful.
Equities: The S&P CAPE ratio has risen above 30 only three times in history.
Rates: The Treasury curve has steepened substantially in recent months.
United States: Residential investment is expected to provide a boost to GDP growth next year.
China: According to Oxford Economics, China’s signs of industrial stabilization are mixed but reassuring.
Food for Thought: Opinions of socialism:
Edited by Daniel Moskovits
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