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Commodities: Crude oil prices declined on Wednesday as traders unwound some of the geopolitical risk premium while US stockpiles continue to grow.
The United States: Mortgage applications remain well below last year’s levels.
The United Kingdom: The UK CPI figures for March were a bit higher than anticipated.
Rates: Some traders are betting that the economy and inflation will weaken significantly in the months ahead, forcing the Fed to deliver three rate cuts.
Global Development: Global inflation is much stickier than in the past.
Equities: The put/call ratio surged this week.
Food for Thought: US military’s R&D expenditure by department:
Edited by William Villacis
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