13 factors driving equity bulls and bears
Bearish: Unemployment numbers
As of the end of December, European unemployment was 11.7%; for January, U.S. unemployment was 7.9%. The broader measure of U.S. unemployment, U-6, was at 14.4%.
Source: Morgan Stanley Smith Barney Investment Strategy, Morgan Stanley & Co. LLC Research, Citi Research, ECRI, and Bloomberg. Note: Unless otherwise indicated, data are as of Feb. 15.