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The global economy continues to grow at a sluggish pace
In the US, pockets of weakness are emerging here and there, but are not yet spreading systematically. For example, the recent slowdown in consumer spending is primarily affecting low-income households.
Increasing signs of a slowdown in the US economy
Global economic growth remains low. Even if the lead in economic growth in absolute terms still lies on the other side of the Atlantic, the dynamics between the European and US economies now appear to be diverging.
The Duality of the Chinese Equity Market
The Chinese government’s recent regulations towards internet companies were certainly unforeseen and sudden which negatively impacted foreign investors’ willingness to invest in that market and let to an investor flight out the Chinese equity market.