Greetings,
Equities: US value stocks are currently cheap relative to momentum stocks.
Energy: Fitch expects overall demand for US natural gas to increase more than domestic consumption in the months ahead.
Emerging Markets: The JP Morgan EM Currency Index is tumbling again.
China: Beijing has been unwilling to sufficiently boost stimulus and accelerate credit expansion. The M1 money supply growth remains depressed.
The United States: According to Arbor Data Science, US internet search trends signal higher inflation ahead.
Food for Thought: Income mobility by country:
Edited by Daniel Moskovits
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