The United States: The ISM Manufacturing PMI surprised to the downside with US factory activity now contracting for thirteen consecutive months.
Equities: The percentage of S&P 500 stocks trading above their 200-day moving average.
Investors are nervous about the small-cap outperformance. The Russell 2000 implied volatility index (RVX) has not been following VIX lower.
The Eurozone: Recent Eurozone inflation figures may already be below the ECB’s target of 2%, which could raise the odds of an ECB rate cut as soon as Q1, according to Deutsche Bank.
Emerging Markets: Chile’s manufacturing output exhibited a large upside surprise.
Global Developments: Rate cuts are accelerating, driven by EM central banks.
Food for Thought: Median age by state:
Edited by William Villacis
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