Greetings,
The United States: The ISM manufacturing index has been in contraction territory for 14 months in a row, while new orders have declined for 16 consecutive months.
Job openings continue to fall, supporting the Fed’s goal of slower demand.
Cryptocurrency: Bitcoin declined sharply as volatility surged ahead of the ETF decision.
Equities: Here is Goldman’s positioning indicator.
Credit: US multi-family debt delinquencies continue to rise.
Energy: Crude oil is firmer amid tensions in the Middle East and the Libya oilfield shutdown.
Europe: The EU is a key market for China’s EV exports.
Food for Thought: Coffee bean trade flows:
Edited by William Villacis
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