Canada: The Bank of Canada struck a hawkish tone, diverging from the Fed.
The loonie and bond yields climbed.
United States: Over the past decade, US CapEx has massively deviated from the historical trend, becoming a drag on productivity. Will we see the trend reversing during the current decade?
Here are some of the reasons companies are not spending on CapEx over the next six months.
Eurozone: ING sees the euro as undervalued relative to USD.
Emerging Markets: The Turkish lira remains vulnerable.
Equities: VIX has been hitting lower levels as the S&P 500 touched new highs this year.
Food For Thought: Vaccine companies’ stocks:
Edited by Daniel Moskovits
Contact the Daily Shot Editor: Editor@DailyShotLetter.com