The risk-off trade continued to weigh on the major asset classes in January. The main exception: several slices of high-quality bonds popped last month, led by the 1.5% total return for inflation-indexed US Treasuries. But the bulk of performance data was skewed to the downside in the kick-off month for 2016.
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● US GDP fizzles in the fourth quarter | MarketWatch
● US consumer confidence cooled in January | Bloomberg
● Chicago PMI surges in January | MarketWatch
● PMI: China’s mfg sector contracts more than expected in Jan | Reuters
● Eurozone factory growth slows at start of 2016, PMI shows | Reuters
● Oil falls 2% on China data, fading prospect of OPEC action | Reuters