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Equities: Earnings revisions have been soft in the US and globally.
China: Exports surprised to the downside.
The United States: Despite widespread media concerns about the financial strain on US consumers, retail store foot traffic has been trending upward, indicating the potential for strong holiday sales this year.
The Eurozone: Economists have lowered their Eurozone GDP growth forecasts for next year, with weakness driven by softening domestic demand.
Credit: US banks have been using ample reserves to write down bad loans.
Global Developments: A geopolitical event is now seen as the biggest tail risk.
Food for Thought: The 2024 Real Estate Bubble Index:
Edited by William Villacis
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