The United States: The tax-driven corporate earnings repatriation (which boosted last year’s share buybacks) is over.
The Eurozone: French, Italian, and Spanish industrial production rebounded in January, exceeding economists’ forecasts.
Equities: VIX futures’ beta to the S&P 500 has been unusually low.
China: Large banks have been slashing their lending to small enterprises.
Global Developments: Falling bond yields (and another increase in negative-yielding securities) have been putting pressure on banks.
Food for Thought: The Kim regime purges:
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