Global developments: Global earnings growth has been relatively synchronized.
The United States: The hurricanes’ impact on the US initial unemployment claims has not been as bad as some had feared.
Europe: The Eurozone industrial production continues to improve, exceeding economists’ forecasts.
China: The 10yr government bond yield is hovering just below 3.75%.
Equity Markets: The most bearish portfolio exposure to stocks is now a long position. This is what some traders call “capitulation.”
Bitcoin: The cryptocurrency broke through the resistance, blasting past $5,300 – a new record.
Food for Thought: Here is a long-term global population projection.
Edited by Paul Menestrier
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