Greetings,
China: China’s housing market slump is deepening, which is putting pressure on industrial metals. Here are new home prices (month-over-month):
The United States: Real income expectations hit the lowest levels in over a decade.
The Eurozone: French longer-term yields have risen sharply against the German equivalent. Below is the yield curve comparison.
Commodities: Industrial metals are struggling due to China’s worsening property slump.
Equities: The outperformance of US equities relative to the rest of the world has accelerated.
Global Developments: Rate cuts and improving global economic growth have supported risk-on conditions.
Food for Thought: Father’s Day vs. Mother’s Day spending:
Edited by William Villacis
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