\There will be no posts Wednesday, Thursday, or Friday - Happy Thanksgiving 🦃\
UNITED STATES
- Buckle up bitches, futures are indicating a rough morning ahead
- Retailers are reporting before the bell today: Target, Best Buy, Lowes, & TJ Maxx
- The US stock market is no longer outperforming the rest of the world
- The prevalence of Zombie Firms - firms whose debt exceeds their operating profits - continues to rise
- Despite high corporate debt levels, investment hasn't seen much of a boost
- After a brutal stretch, homebuilder sentiment is optimistic again
- Homebuilder Optimism Index (Actual 67 | Expected 60)
- ...despite the fact that the number of prospective new buyers continue to fall
OTHER
- Eurozone construction activity continues to increase
- EU foreign ministers are working on new sanctions on Iran, after revelations of two alleged Iranian assassination plots, one in Denmark and one in France
- Low oil prices are helping fuel a recovery in India
- After a long fall, the rupee is back to where it was in mid-August
CHINA
- Chinese steel rebar futures are falling
- Private sector bond defaults are picking up
Submitted November 20, 2018 at 07:32AM by ogordained https://ift.tt/2DOQ5Ke
