Greetings,
The United States: Here is the gap between consumer expectations and current conditions. Extreme lows in this measure tend to indicate that we are in the late phase of the economic cycle.
Eurozone: Finally, this chart shows the average annual employment and GDP growth by period. The current expansion is more “employment-rich” than the previous ones.
Europe: Czech rates have been elevated relative to the Eurozone. Is this divergence sustainable?
Asia-Pacific: The planned Japanese consumption tax increase should have less extreme economic consequences than the prior hike in 2014.
Emerging Markets: Investment-grade EM sovereign credit has outperformed high-yield by the largest margin since 2008.
Equities: The short end of the vol curve has been remarkably steep. This chart shows the ratio of VXST (near-term vol index) to VIX.
Food for Thought: The percentage of adults that smoke:
Edited by Devon Lall
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