I am unchanged on my view of economic strength and monetary support of most international (ex-US) economies.

Regarding my pessimism of the US economy based on the abrupt regime change... I think that the effects were amplified by the recent US dollar surge into mid-January... that markets have now reached bearish extremes... that the US economy is strong enough to not fall into a sustained recession despite the withdrawal of fiscal support... and that economic surprises will predominantly be to the upside going forward.