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The United States: The supercore inflation measure slowed in May but remains elevated on a year-over-year basis.
Equities: Outside the tech mega-caps, S&P 500 valuations look reasonable.
Stocks have diverged from reserve balances (liquidity).
Global Developments: Here is a look at performance during the first half of 2023, with bonds and stocks improving. However, performance is very narrow over the past 18 months, with some commodities outperforming.
Asia-Pacific: Factories in Taiwan are rapidly reducing staff.
The United Kingdom: Speculative bets on the pound hit the highest level since 2014.
Food for Thought: Here is the estimated prevalence of modern slavery around the world:
Edited by William Villacis
Contact the Daily Shot Editor: Brief@DailyShotResearch.com
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