Greetings,
United States: After four weeks of declines, initial unemployment claims rose last week.
China: The yield curve has flattened considerably since May.
The PBoC has kept liquidity relatively tight and resisted lowering short-term rates.
Energy: The US oil futures curve is in contango. And the time spread (price between contracts) should remain wide at the front-end of the curve amid elevated inventories and high storage costs, according to Pavilion Global Markets.
Oil prices are nearing breakeven levels for core US shale plays.
Equitiees: This chart shows the Q2 revenue distribution for S&P 500 companies (by sector).
Credit: This scatterplot shows the GDP growth vs. BBB bond spreads. Can you spot the Fed’s intervention?
Food For Thought: Social media revenue per user:
Edited by Daniel Moskovits
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