Greetings,
China: The Shanghai Shenzhen CSI 300 Index is having its best couple of weeks on record.
Commodities: Industrial commodities declined this morning as the market was disappointed by the absence of additional stimulus measures from China. Here is copper:
Emerging Markets: Chile copper exports have been surging.
The United States: It is unusual to see a strong payrolls report as the Fed starts easing rates.
Equities: The Fed’s quantitative tightening, which is reducing reserve balances, is a headwind for stocks.
Rates: There has been an increase in fails in 20-year Treasuries, driven by reduced relative supply.
Food for Thought: Agricultural yields for cattle and sheep across selected economies:
Edited by William Villacis
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