(1) New month, old worries. (2) Chill now, thaw later. (3) Plunge in national M-PMI doesn’t jibe with regional surveys. (4) Markit’s M-PMI showing life. (5) Lots of upbeat M-PMIs around the world. (6) Eurozone factory index at 32-month high. (7) Our FSMI is at 1700, around key support for S&P 500. (8) P/E correction. (9) Guidance and headlines depressing Q1 earnings estimates. (10) Focus on market-weight-rated S&P 500 auto-related industries.
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