Greetings,
The United States: The Bloomberg Buying Climate Index shows that US consumers are ready to go shopping.
In addition, about 40% of fund managers now see the US-China trade war as the “new normal” according to BofA Merrill Lynch.
Canada: Next, we have some projections of fiscal deficit and debt levels under different outcomes of today’s elections.
Asia-Pacific: South Korean and Chinese equities have a strong correlation to global export growth.
Emerging Markets: EM retail sales growth has been slowing.
Energy: US natural gas in storage is now above the five-year average.
With inventories elevated, the market now expects deeper price declines during periods of low demand (such as in the spring). Here is the natural gas futures curve.
Equities: Fund managers remain committed to defensive stocks.
Food for Thought: Cocaine consumption based on wastewater testing:
Edited by Devon Lall
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