China and the European Central Bank were in the spotlight.
Given current conditions, it’s not unreasonable to consider that an economic boom could be on the way.
The ECB is doubling down on its policies. In the longer run, this is a sign of continued failure.
Opposition to free trade is now a major vote winner in the presidential campaign.
A substantial earnings recovery in the next couple of quarters is quite possible.
For the economy as a whole, the risk still does not appear to be immediate, but it is rising.
Many would say the next crisis will erupt in China, but there are two other places that are more on the brink of trouble.
These factors help determine both the level and immediacy of market risk.
Jobs track the economy, and you don’t see economic trouble without a corresponding decline in jobs.
Last week’s economic news was generally good, despite some signs of weakness.