Greetings,
The United States: Jobless claims remain elevated relative to last year.
The Eurozone: The euro surged on hawkish comments from the ECB.
China: Youth unemployment remains elevated, dampening consumer confidence.
Cryptocurrency: BlackRock filed paperwork to form a spot-bitcoin ETF.
Equities: Retail investor purchases appear to have peaked for now.
Credit: Regional bank spreads are drifting lower but still elevated.
Food for Thought: Recently IPO’d tech companies’ net profit margins:
Edited by Josh Oldmixon
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