Greetings,
The United States: The NY Fed’s manufacturing report, the first regional indicator released in August, was shockingly weak.
Looking at the housing market, pressure on homebuilders is signaling a sharp slowdown in residential construction.
The United Kingdom: The gilt curve has flattened substantially in recent weeks.
Energy: European natural gas futures hit a new high.
China: Here are China’s key economic indicators.
Equities: The S&P 500 is almost 9% above its 50-day moving average. Time for a pullback?
Credit: Muni bond fund flows turned positive last month (slightly).
Food for Thought: Lastly, here is processor chip manufacturing capacity:
Edited by William Villacis
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