The United States: Will improved pricing power in the corporate sector result in an upside inflation surprise?
China: The percentage of Chinese bonds held by foreigners keeps climbing.
Eurozone: Here is Goldman’s Q4 GDP tracker for the Eurozone.
Equities: Valuations remain reasonable since the October selloff.
However, analysts are concerned that tighter financial conditions (especially further strength in the dollar) will dent earnings growth next year.
Credit: Investors are getting back into junk bonds.
Emerging Markets: South Africa’s mining production declined on a year-over-year basis.
Global Developments: More central banks are hiking rates.
Food for Thought: The US retail sector has stabilized.
Edited by Joseph Cohen
What We’re Reading: The Kobeissi Letter
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