Consumer
Recession Delayed, But Not Denied…
Canada’s Policy Rate Is Not Sufficiently Restrictive…
LMEX: What’s Behind The Recent Gains…
China: No Recovery In Property Sales…
US Homebuilder Sentiment Turns Positive…
Eurozone Inflation: The Worst Is Over…
Investors are still cautious and have significant cash that needs to be put to work. Trickle-down of it into the US equity market may extend the rally. Overly bearish futures positioning is also a strong contrarian indicator. Disinflation is good for real earnings growth, and imminent earnings rebound may add support for equities.
US Consumer Sentiment: A Durable Rebound…
More Chinese Data Disappointments…
China PPI Underscores Weak Economic Momentum…