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The United States: Despite strong retail sales in October, real holiday spending is expected to be down this year for the first time since the GFC.

Industrial production edged lower last month, driven by utilities (warmer than usual weather) and softer oil production.

The United Kingdom: The headline inflation in the UK blasted past 11%, topping expectations. Here are the contributions to the year-over-year CPI index.

The Eurozone: Portugal’s economy has outperformed this year.

Energy: This chart shows US clean energy installations.

Australia: The unemployment rate in Australia hit a multi-decade low.

Rates: Speculative accounts are running massive bets against the 2-year Treasury note.

Food for Thought: Lastly, there have been rising trade fragmentation risks over the past 6 years:

Edited by William Villacis

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