Greetings,
United States: The Household Pulse Survey (from the Census Bureau) suggests that the labor market rebound peaked in mid-June and has been reversing since.
Eurozone: Euro-area bond funds have been experiencing capital outflows since 2014.
Energy: The rebound in US gasoline demand is fading.
Equities: The tech mega-cap outperformance has been impressive.
The above trend shows up in the underperformance of the Nasdaq 100 equal-weight index.
Rates: The highest real rates are now found in defensive currencies.
Food For Thought: Restaurant closures:
Edited by Daniel Moskovits
Contact the Daily Shot Editor: Editor@DailyShotLetter.com
Subscribe to the Daily Shot Brief