Greetings,
The United States: US consumers have shifted spending from goods to experiences.
More than half of student loan borrowers made no progress in paying down their student debt since 2019.
Asia-Pacific: Taiwan’s stocks could come under further pressure as semiconductor demand slumps.
In China, earnings have dropped considerably, on par with some of the worst profit contractions in history.
Equities: US stocks don’t look very attractive relative to corporate bonds.
Global Developments: The current monetary tightening cycle is the broadest in history.
Food for Thought: Lastly, let’s take a look at the seasonality of time spent at work in select economies.
Edited by Alexander Bowers
Contact the Daily Shot Editor: Brief@DailyShotResearch.com
