Greetings,
The United States: The U. Michigan’s consumer sentiment index jumped this month, boosted by stock market gains, firmer home prices, and a robust job market.
The United Kingdom: The December retail sales report was awful.
China: China’s currency has significantly underperformed the MSCI’s broad EM currency index.
Equities: The equal weight index has widened its underperformance.
Rates: BNP Paribas reports that hedge fund basis trades (futures versus cash Treasuries) are likely at an all-time high.
Commodities: Here is a look at last week’s performance across key commodity markets.
Food for Thought: US retail workers by industry:
Edited by William Villacis
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