Greetings,
The United States: Oxford Economics is forecasting 4.5% GDP growth for Q2 (annualized), with expansion moderating in the second half of the year. The soft-hard data divergence persists.
One of the contributors to the outsized GDP growth in Q2 was a sharp increase in soybean exports ahead of the tariffs.
China: Foreign investors have been putting money to work in China’s domestic fixed-income markets.
The United Kingdom: Support for the Conservatives continues to deteriorate.
Equity Markets: How far above trend is the latest EPS growth?
Emerging Markets: EM ex-China portfolio flows appear to be leveling off after a rough few months. China flows have been steady.
Food for Thought: US public’s policy priorities:
Edited by Joseph Cohen
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