Greetings,
United States: The ISM Manufacturing PMI was roughly in line with expectations, indicating brisk factory activity in October.
China: Rating agencies continue to clobber developers’ debt.
Emerging Markets: EM stocks continue to underperform relative to the S&P 500.
Energy: Fitch expects a wave of refinery closures over the next few years, although sufficient margins should keep the bulk of existing refiners in operation.
Equities: Tech has struggled during prior episodes of tightening liquidity.
Food for Thought: Eating red meat:
Edited by Devon Lall
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