Equities: Downside protection in the S&P 500 is near recent lows, indicating rising investor confidence
Credit: Investors are piling into investment-grade bond funds.
Emerging Markets: Argentina’s central bank has accelerated money “printing” since the elections.
Eurozone: Pantheon Macroeconomics expects the ECB to play it safe in the first half of this year and sees no change in rates or the pace of QE. Markets are also gradually pricing in a lower chance of rate cuts.
Global Developments: Currency market volatility remains near multi-year lows.
Food for Thought: Household healthcare spending vs. median income:
Edited by Daniel Moskovits
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