(1) Lots of bulls. (2) Okun’s Misery Index. (3) P/E inversely correlated with misery. (4) Party on? (5) Neither boom nor bust. (6) Industrial commodity prices rising, while global export volumes falling. (7) China’s government still boosting growth, but jobs indicator remains weak. (8) Eurozone’s GDP recovery remains weak despite solid PMI readings. (9) UK benefitting from Eurozone’s woes. (10) US exports confirm global slowdown. (11) Focus on overweight-rated S&P 500 Transportation sector.
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