The United States: The magnitude of GDP growth fluctuations in the US is the lowest in decades. It’s one of the reasons for depressed volatility across asset classes including bonds and stocks.
China: The renminbi is drifting lower against the dollar.
The Eurozone: Multinationals based in the euro area are lagging their peers in the US.
Equity Markets: The small-cap implied volatility index (RVX) remains too low relative to VIX even though many of the Russell 2000 companies are highly leveraged. Trade policy risks explain this divergence – for now.
Emerging Markets: Despite all the headwinds, do emerging markets present an opportunity?
Food for Thought: Adoption of innovations in the US:
Edited by Joseph Cohen
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