The United States: The FOMC downgraded its forecasts for the GDP growth and the headline inflation (PCE). The Committee left the core (ex. food & energy) inflation projections unchanged.
The Eurozone: This chart shows the divergence in industrial production growth.
Equities: Share buyback activity appears to be fading.
China: China’s stock market keeps advancing.
Global Developments: Financials continue to trade at a substantial discount to other sectors.
Food for Thought: US death rates due to alcohol, drugs, or suicide:
Edited by Joseph Cohen
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