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Equities: Here is the number of days the Russell 2000 has remained below its previous high.
This chart shows the S&P 500’s historical cyclical bull market durations and returns, suggesting the current bull market is still near its median age.
The United Kingdom: Both cyclical and structural components of UK CPI accelerated.
Emerging Markets: Argentina’s trade surplus nearly vanished last month.
Alternatives: The median valuation multiples for large PE deals are inching closer to the S&P 500’s median trading multiple. Middle market valuations are also improving from their low levels.
Energy: US natural gas futures climbed further on Wednesday.
Credit: Private debt assets under management have surged, but funds have been deploying capital faster than they are raising it, leading to a decline in dry powder. Direct lending now accounts for a growing share of the market.
Food for Thought: US inflation-adjusted tax brackets for 2024 and 2025:
Edited by William Villacis
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