Greetings,
The United States: The March NY Fed Survey of Consumer Expectations revealed a sharp rise in the percentage of Americans anticipating higher unemployment, aligning with findings from the April University of Michigan consumer survey.
The United Kingdom: Economists once again downgraded UK GDP growth projections this month
China: This chart shows the progression of US tariffs on China in recent years.
Equities: A record number of institutional investors plan to reduce their exposure to US equities.
Global Developments: Here is a look at post-“Liberation Day” performance across key assets. Energy, copper, and equities fell the most, while European sovereign bonds and gold held up.
Rates: The US Treasury term premium has reached its highest level in a decade.
Food for Thought: GameStop is on the verge of selling more collectibles than video games.
Edited by Abraham Lent
Contact the Daily Shot Editor: Brief@DailyShotResearch.com
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