United States: The 2020 federal deficit is rapidly approaching $3 trillion after the biggest monthly increase on record in June (see story).
Europe: Here is the IMF’s latest GDP projection for the EU.
China: Foreign investors are increasingly buying Chinese government debt for safety and yield.
Equities: Analysts’ earnings estimates are all over the place.
Global Developments: Cross-asset volatility subsided from the March highs but remains elevated relative to one year ago.
Food For Thought: New York City subway ridership:
Edited by Daniel Moskovits
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