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The United States: Existing home sales remained at multi-year lows in September.
Emerging Markets: EM index correlations to China’s CSI 300 Index have collapsed.
Equities: Short interest in the US equity market has steadily declined throughout this month.
Commodities: Here is the evolution of the Brent skew in recent days.
Canada: The BoC delivered a 50 bps rate cut.
The Canadian economy is more sensitive to interest rates than the US, given its elevated household leverage.
Global Developments: Bloomberg’s US dollar index is up 3% month-to-date.
Food for Thought: Defense spending as a percentage of GDP in Europe for 2022 and 2024:
Edited by William Villacis
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