Greetings,
The United States: The ADP private payrolls report for August came in well below expectations. Although this metric isn’t a reliable forecaster of the official employment report, it suggests a potential slowdown in the job market.
Global Developments: September tends to be a good month for the US dollar.
Equities: The S&P 500 valuations continue to diverge from that of the equal-weight index.
The United Kingdom: Mortgage approvals declined more than expected last month.
Commodities: Orange juice futures hit a record high amid low supplies.
Cryptocurrency: The Crypto Fear & Greed Index flipped back into “neutral” territory after reaching “fear” levels last week. News of Grayscale’s court victory versus the SEC boosted investor optimism.
Food for Thought: The fast food app market:
Edited by William Villacis
Contact the Daily Shot Editor: Brief@DailyShotResearch.com
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