Greetings,
Eurozone: Brexit has forced a rerouting of trade routes between Ireland and the continent (see comment from the FT).
China: Mortgage rates have been drifting lower, and the overall mortgage market expansion has been slowing
Emerging Markets: Current account balances are in much better shape than they were during taper-tantrum in 2013. Perhaps the selloff won’t be as severe after the next pullback in the Fed’s QE.
Energy: US oil output tumbled as a result of the frigid weather.
Here is an estimate of the decline.
Equities: Penny stock activity has been extraordinary.
Food For Thought: The impact of chip shortage on the auto industry (see overview):
Edited by Devon Lall
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