Greetings,
China: The coronavirus has put a third of China’s population and nearly half it’s GDP under lockdown.
The Eurozone: In 2019, the euro-area manufacturing output declined by the highest percentage since the Great Recession.
United States: Once again, the US budget deficit was worse than the consensus estimate ($33 bn vs. $10 bn expected) and is on track to hit $1.1 trillion in 2020.
Emerging Markets: EM currencies have outperformed Europe, but equities have lagged.
Equities: Here is the S&P 500 one-year performance based on different valuation starting points.
Food for Thought: How Americans view social media:
Edited by Daniel Moskovits
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