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The United States: Mortgage applications are holding at multi-year lows as rates climb.
The Eurozone: The euro-area economic surprise index has rebounded, aligning with that of the US.
China: Hong Kong’s exports climbed back to 2021 levels in January.
Japan: The BoJ is starting to prepare the market for rate hikes. The yen and short-term JGB yields jumped in response.
Equities: Here is a look at sector correlations to reserve balances (liquidity banks hold at the Fed).
Commodities: The bearish positioning in grains looks stretched.
Food for Thought: Extreme-weather insurance trends:
Edited by William Villacis
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