Greetings,
The United States: Household savings remain well above pre-pandemic levels.
Europe: Norway’s CPI report was a shocker.
The market now expects the Fed to complete its rate cuts near 3.5% (in H2 2025).
Emerging Markets: Saudi Arabia’s PIF is expected to become the largest sovereign wealth fund by 2030.
Cryptocurrency: It was a tough week for crypto.
Equities: Deutsche Bank’s aggregate positioning indicator now shows overweight positioning.
Food for Thought: Average hourly wages for US teens:
Edited by Josh Oldmixon
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Subscribe to the Daily ShotAverage hourly wages for US teens: Brief
