On the Margin

(1) More stagnation than boom or bust. (2) Commodity prices stabilizing. (3) Six cylinders firing in Eurozone, but recovery remains lackluster. (4) Waiting for US consumers to spend gasoline windfall. (5) Japanese output remains disappointing. (6) Chinese exports and imports are shockingly weak. (7) Bad news for Brazil. (8) Signs of profit margin peak, especially for SMidCaps. (9) Hillary’s challenge: Six out of 10 say junk Obama policies. (10) Focus on underweight-rated S&P 500 Materials.