The United States: Household net worth hit a record high last quarter, boosted by stocks and house prices.
China: Beijing says “do not bet” against the renminbi, leading the currency to jump in response to the warning.
Credit: Companies are borrowing at a record pace.
Equities: Market breadth worsened in recent weeks as most stocks widened their underperformance vs. the S&P 500.
Here is the equal-weight index…
and here are small caps.
Emerging Markets: Chile’s CPI surprised to the downside, sending the peso sharply lower on expectations of faster rate cuts.
Food for Thought: Office space construction vs. demolitions:
Edited by William Villacis
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