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Category: Markets & Strategy
Global Indicators • GDP forecasts for 2012 have stabilized, but risks tilt to the downside on Eurozone anxieties. • Global PMI data have edged downward with U.S., China, Eurozone all showing sub-50 readings. • Periphery read more
The Obama administration will be forced to spell out cuts to meet the 10-year budgetary sequester in early September. The CBO estimates that $110B would be cut annually with reductions in defense discretionary, nondefense discretionary, read more
Market Corrections Over or Still In-Train?—Baseline Prospect Remains At Risk on Eurozone, Earnings, and the “Fiscal Cliff”