Greetings,
The United States: Consumer confidence jumped this month, boosted by the stock market rally and cheaper gasoline.
The Eurozone: The 10-year Bund yield dipped below 2% for the first time this year.
Equities: FedEx sold off sharply on revenue outlook. Could this be indicative of a broader economic slowdown?
Share buybacks have been strong in recent weeks, helping to fuel the rally.
Credit: European CCC spreads have diverged from those of US counterparts amid concerns about a recession in the Eurozone.
Emerging Markets: There is room for EM valuations to improve.
Food for Thought: Annual wages of US physicians and surgeons:
Edited by William Villacis
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