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The Eurozone: It’s been a challenging year for European shares relative to the US.
Commodities: European olive oil prices tumbled in recent days.
Global Developments: After Biden authorized Ukraine to use US missiles on Russian territory, Putin signed a new doctrine allowing Russia to respond with nuclear weapons without requiring a direct nuclear attack.
The Swiss franc, typically a haven currency, strengthened following the announcement from Russia.
The United States: US import prices unexpectedly rose last month, but the strength of the dollar in November is expected to reverse this trend.
Credit: Generally, US corporations have avoided taking on higher borrowing costs.
Emerging Markets: This scatterplot illustrates that countries with the largest goods surpluses with the US experienced the biggest currency declines since the US elections.
Equities: This chart shows current sector drawdowns from the highs.
Food for Thought: Semiconductor revenues:
Edited by William Villacis
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