As August Melts Into September…

As August Melts Into September…

I mentioned there were two key macro narratives on Tuesday, and they'll stay relevant even as the US labor market takes center stage later this week. One is the unfolding drama in China, where a societal overhaul disguised as a regulatory crackdown is playing out against a burgeoning economic slowdown. The other is the prospect that the ECB might soon begin to trim asset purchases under its pandemic QE program. Nomura's Charlie McElligott weighed in on both while delivering a wide-ranging surv
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