The United States: Wage growth in the US has broadened across income categories over the past year.
Here is a comment from Ronald Temple, Head of US Equities and Co-Head of Multi-Asset Investing at Lazard Asset Management:
“After stagnating for the prior nine years for most workers, real wages increased across the income spectrum starting in 2016. I believe that the middle-class consumer will drive the next leg of growth for the US as higher wages lead to higher consumer confidence and increased spending.”
Europe: While most indicators point to the housing inflation in the UK stabilizing (see example), some analysts see home price increases moderating further.
Credit: The riskiest leveraged loans dominate the market.
Equity Markets: Here is the trend for corporate and ETF listings.
Stocks are no longer the most actively-traded securities. Note that two of the top ten most active publicly listed securities are volatility products.
Emerging Markets: Here is a forecast for inflation rates and the GDP growth across Latin America.
China: Higher rates are expected to pressure the nation’s property markets.
Food for Thought: Student debt vs. future earnings (by college).
Edited by Joseph N Cohen
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