(1) Syria is serious concern. (2) Geopolitical jitters offset strong PMIs. (3) What will FOMC do if oil prices spike higher? (4) Forward earnings mostly stalling at record highs. (5) Uncertainty weighing on valuations. (6) Low but rising yields likely to keep a lid on P/Es. (7) US economic indicators are mixed. (8) M-PMIs show improving global manufacturing. (9) Global Net Earnings Revisions Indexes remain negative and have yet to confirm upbeat M-PMIs.
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