Greetings,
The United States: It’s worth noting that outside of the tech mega-caps, margin expectations have been trending lower.
The United Kingdom: The UK unemployment rate declined in recent months, surprising to the downside.
China: Despite Beijing’s efforts to cool the bond market, investors continue to find ways to purchase China’s government debt. Bond yields declined again.
Commodities: Prices of US high-protein wheat, used for bread making, have hit their lowest level since 2020.
Equities: Investor risk appetite is down sharply, according to S&P Global.
Credit: Commercial paper rates have been falling as the market prices in Fed rate cuts.
Food for Thought: Voter trust in handling the US economy:
Edited by Josh Oldmixon
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