Greetings,
The United States: The consumer sentiment index from the University of Michigan surprised to the upside. Strong labor markets continue to boosts households’ confidence.
Will improved sentiment boost consumer spending?
The United Kingdom: The pound has been strengthening against the euro. The market expects the Conservatives to gain a sufficient majority in Parliament to break the Brexit impasse. The betting markets are favoring that outcome.
Europe: Elsewhere in Europe, Switzerland’s F/X reserves continue to climb. They now exceed the nation’s GDP.
Emerging Markets: Speculative accounts have been boosting their bets against the Brazilian real.
Now, it appears that we are looking at a short squeeze as the real bounces from the lows.
Equities: How do value and momentum shares respond to changes in the shape of the yield curve?
Food for Thought: College students’ preferred presidential candidates:
Edited by Daniel Moskovits
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