Greetings,
The United States: Starting with the housing market, existing home sales are down 9% from a year ago.
Next, let’s look at the vehicle affordability index. How many weeks of income does it take to purchase a new vehicle?
Asia-Pacific: New Zealand’s exports hit a record high.
Commodities: Copper remains under pressure amid concerns about China’s growth.
Energy: Crack spreads remain at extreme levels. Crack spread refers to the overall pricing difference between a barrel of crude oil and the petroleum products refined from it, serving as an industry-specific type of gross processing margin.
Equities: Correlations among S&P 500 stocks have been rising.
Food for Thought: Lastly, let’s look at the growing popularity of podcasts.
Edited by Alexander Bowers
Contact the Daily Shot Editor: Brief@DailyShotResearch.com
