The United States: Today’s retail sales data for December will not be available because of the government shutdown, but based on the Redbook same-store index, holiday sales were relatively healthy.
China: As domestic demand for gasoline slows, China will export more of it.
The Eurozone: Here is a forecast for the Eurozone’s GDP growth (from Nordea).
Equities: This scatterplot shows the 10yr annualized equity returns vs. the starting forward P/E ratio.
Global Developments: Long-dollar bets remain the most crowded trade according to the Merrill Lynch Fund Manager Survey.
Food for Thought: US new houses are getting bigger.
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