Greetings,
The United States: Let’s begin with a look at the housing market, where mortgage rates hit a multi-year high on Monday, exceeding the 2018 peak.
Europe: Economists have been downgrading the 2022 euro-area growth forecasts. Spain is expected to outperform.
Equities: In equity markets, margins are expected to stay healthy as business markups surge.
US firms that “rely on domestic supply chains or have a high domestic manufacturing footprint” continue to outperform (based on indices from Goldman). Investors are punishing companies for offshoring.
Asia-Pacific: The Japanese yen has suffered its longest losing streak in at least 5 decades.
China: Logistics throughput has been weakening across distribution centers in China amid lockdowns.
Food for Thought: To conclude, let’s look at female executives and return on equity.
Edited by William Villacis
Contact the Daily Shot Editor: Brief@DailyShotResearch.com
