Greetings,
United States: Let’s begin with the housing market. Mortgage applications for home purchase remain at multi-year highs.
United Kingdom: Traders are increasingly upbeat on the British pound. Here is the 3-month risk reversal.
Eurozone: The French 10yr bond yield is back in negative territory as the yield curve flattens.
China: The Wuhan virus continues to spread.
It’s worth noting that China’s consumption took a hit during the SARS outbreak in 2003.
Equities: Profit growth slowed across the board last year, not just at weaker firms.
Food for Thought: Consumer spending net of income:
Edited by Daniel Moskovits
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