The global economy is at the start of the first global synchronous expansion since 2007. In Europe, the periphery has lived through a depression, but as prices have declined, unit labor costs have fallen, spurring recovery.
Michael Pollaro has recently updated his money TMS data. As of October, US monetary inflation shows signs of re-acceleration. Earlier in the year a slowdown could be observed in spite of "QE-to-infinity".
I spend the fourth quarter of every year dissecting and forming my forecasts for the next calendar year. Over the past decade, it has been my experience that a solid top-down investment approach provides the lowest risk for possible returns.