Macro Briefing: 2 March 2021

* CDC warns of “potential fourth surge of cases” in the US
* Sen. Elizabeth Warren unveils proposal for wealth tax on ‘ultra-millionaires’
* China closes a major bitcoin mining operation
* German retail sales fell sharply in January due to coronavirus lockdown
* US states lose far less tax revenue than expected due to coronavirus
* Global manufacturing activity rebounded to three-year high in February
* Wall Street is increasingly worried about stock market optimism
* Regional bank stocks are benefitting from higher interest rates
* US construction spending rose again in January, reaching another record high
* US manufacturing output in Feb grew at fastest pace since pandemic started:

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