In this latest edition of our weekly market update:
Europe set to join Switzerland and Sweden with a rate cut;
The ECB is betting that wages will cool soon;
Still a large difference between ECB and Fed cut expectations;
3.5% real growth in the US?;
Bond bulls disappointed again as yields rebound sharply;
Asset class returns keep pointing to sticky inflation and growth; and
Sharp deterioration in breadth suggests short-term weakness.
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