Greetings,
The United States: Leading indicators continue to point to weaker economic growth this quarter. For example, this chart shows shippers’ near-term outlook for freight demand.
The Eurozone: Will the ECB be forced to boost stimulus to combat lowflation? The central bank certainly has a number of options – from ‘operation twist’ to changing the market cap and issuer limits.
Equities: Hedge funds are betting on improving corporate profitability.
China: Unlike the US, China’s stock market doesn’t have the tailwind of share buybacks.
Credit: New leveraged loan issuance has been slowing.
Food for Thought: Labor force participation rates (red = high participation):
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Edited by Joseph N Cohen
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