Greetings,
The United States: To begin, mortgage applications to purchase a home dropped sharply last week and are now down 24% vs. last year.
Tight financial conditions will substantially boost recession risks by mid-2023 according to Deutsche Bank.
The Eurozone: Spain’s inflation continues to surge, hitting 10% this month.
China: Diverging monetary policy paths resulted in China’s bonds sharply outperforming Treasuries.
Energy: Gasoline inventories are starting to recover.
Equities: Will the S&P 500 break below the 3-year moving average?
Credit: Airline bonds have been selling off.
Food for Thought: Lastly, here is bike use as a primary mode of transportation for short trips:
Edited by William Villacis
Contact the Daily Shot Editor: Brief@DailyShotResearch.com
