The United States: To begin, economists expect home price appreciation in the US to slow sharply next year.
US real yields continue to climb, pressuring stocks.
The Eurozone: At the Eurozone level, the CPI surprised to the upside again, hitting a new high. Core inflation is also surging (2nd panel).
Asia – Pacific: Weakening demand in China sent South Korea’s factory activity tumbling.
Equities: Implied volatility (VIX) has decoupled from the stock market selloff.
Rates: Treasuries are not attractive when hedged into EUR, GBP, or JPY.
Emerging Markets: Turkey’s GDP surprised to the upside again.
Food for Thought: Lastly, the independent voter is increasingly moderate:
Edited by William Villacis
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