Elbow's Up
At Least for Canadian Asset Prices
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The Dollar
The Trade Weighted Dollar is starting to break down and while off the lows - the $DXY has broken below a short term bear flag itself.
The Scoreboard
The US is only beating 12 countries and 32 countries are up by more than 20% YTD.
Interesting Data
New Zealand - ENZL 0.00%↑
Looks like growth is picking up in NZ.
Turkey - TUR 0.00%↑
Turkey not only cut rates but more than expected.
Japan - EWJ 0.00%↑
Japan finally going to raise rates soon and into negative GDP. But credit creation (bank lending below) suggests inflation can ramp in Japan.
Indonesia - EIDO 0.00%↑
Looks like the protest problems for consumer confidence have passed.
Mexico - EWW 0.00%↑
Inflation in Mexico was higher than expected which is mildly concerning if it persists.
China - MCHI 0.00%↑
Money supply growth slowing in China and below expectations.
South Africa - EZA 0.00%↑
Impressive.
Interesting News
Chile - ECH 0.00%↑
South Korea - EWY 0.00%↑
Peru - EPU 0.00%↑
