UK Lags While Spain Leads

With the UK about to get a new prime minister yet again, the Bond Vigilantes are on high alert. The prospective successor to the role, Andy Burnham, may find himself in an “economic straightjacket,” William says, damned if he does and damned if he doesn’t succumb to fiscal loosening. … Also: Spain is dramatically outperforming the other European economies, growing GDP an estimated three times faster than the Eurozone average. … Toby points out that Spain has AI exposure that the rest of Europe lacks, and its companies are delivering on the earnings front.