The United States: Reports from both Markit and ISM showed that US factory activity remained brisk in October. Markit’s summary (below) tells us that smaller manufacturers showed an improvement as well.
Some analysts, however, point out that we still have a disconnect between “soft” and “hard” data. Here is the ISM index vs. the US industrial production.
Europe: The percentage of Western Europeans living in owner-occupied homes is drifting lower (on average).
Emerging Markets: Russia’s factory activity is now barely growing.
Equity Markets: The Investor Intelligence sentiment index (bulls/bears ratio) hit another post-1987 high. Bearish investors are capitulating.
Credit: Energy/commodity default rates as slowing just as retail defualts are picking up.
Food for Thought: Other than the country in which you currently reside, where would you like to live?
Edited by Joseph N Cohen
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