Greetings,
The United States: The market is increasingly convinced that the Fed will implement 75 basis points of rate cuts this year, with September now fully baked in.
Fed officials’ comments are still relatively hawkish.
The Eurozone: The Eurozone and US economic surprise indicators have been trending lower.
Source: @TheTerminal, Bloomberg Finance L.P.
Emerging Markets: Brazil’s economic activity is holding up well.
Cryptocurrency: Implied volatility on near-term ETH option contracts rose sharply over the past week.
Equities: Small caps continue to surge as Treasury yields ease (2 charts).
Food for Thought: Corporate tax rates across the G20:
Edited by William Villacis
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