Global Macro: Up and to the Right

Emerging market growth is finally picking up momentum.

HSBC EM Index

New orders rose at the steepest pace since February 2011.

JPM Global activity indicators

Growth rate of new business inflows strengthened to a 20-month high.

JPM Global Services PMI

Plus, the Fed is going to keep the QE tap open at least till the 1st half of 2014… Party on!

Source: http://www.markiteconomics.com/