Global risk assets continue to look overbought, as we mentioned in our previous post. The current environment continues to merit caution for long biased traders.
Small business confidence in the US has improved from the depth of the crisis in 2008/09, but has moved sideways in the past 12 months. A return of confidence to pre-crisis [...]
Many emerging markets were in recession last year and are only slowly emerging. Tight financial conditions and flat to inverted yield curves will make the recovery slow and [...]
The composite eurozone January flash PMI showed accelerating expansion led by Germany, but the PMI readings are still only showing moderate growth, considerably below the [...]