海外研报

Market Intelligence: US Morning Update

Stocks in Asia traded sharply lower Monday as concerns about a soft landing in theUS after weaker than expected US payrolls from Friday (see Aug 2 note “USA:

US MARKET INTELLIGENCE:AFTERNOON BRIEFING

US: Stocks closed sharply lower but off their lowest levels. Pre-market, the global selloff startedwith Japan as the NKY fell by 12.4%. The SPX hit a session low of -4.6%, with the ViX spiking to65, up 178% from Friday's close of 23. This was driven by a

Healthcare Pulse: Oh August... Investor sentiment

Considerations for the XLV @ 10k Feet. Macronarratives got turned on their head yet again with the

Obvious trend damage but breadth improves

• Background macro factors like disposable personal income growth