U.K. PICKS THE WORST OPTION

FAST FACTS ABOUT TODAY’S ECONOMIC DATA: * The U.K. has no idea what it wants to do with BREXIT, and that’s bad for business. * U.S. Job Openings jump back above 7 million, while Consumer Credit surges. * Japan Q3 GDP is revised lower. * China trade surplus improves...

A CHRISTMAS TRUCE

FAST FACTS ABOUT TODAY’S ECONOMIC DATA: * We think there is no substance to the “truce”, aside from an attempt to buoy markets. * U.S. ISM Index turned higher in November, while Construction Spending fell in October. * China PMI’s still bouncing around the ‘50’ level....
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