Greetings,
United States: Some economists and Fed officials are becoming concerned about the wage-price spiral.
Emerging Markets: Some emerging market equity valuations are very attractive vs. their developed market peers.
Commodities: Beijing is waging war on iron ore prices.
Equities: Fund managers have been reducing their allocations to stocks amid expectations of slower economic growth.
Rates: Europe has been the largest buyer of Treasuries, agency debt, and corporate bonds over the past decade.
Still, foreign purchases of Treasuries are small compared to the Fed’s buying spree.
Food for Thought: Portfolio allocations of the top 1% vs. the bottom 50%:
Edited by Devon Lall
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