Greetings,
The United States: The 1-year US sovereign credit default swap spread hit another record high as investors become increasingly uneasy with the debt ceiling impasse.
Equities: It will be a busy few days for earnings reports.
Here are sector month-to-date revisions in projected earnings.
Credit: US money supply is contracting but remains elevated in real terms and as a percentage of GDP.
Asia – Pacific South Korea’s Q1 GDP growth was higher than expected.
Global Developments: Sovereign bond yields have declined across G10 nations, led by Treasuries. Weaker interest rate differentials could weigh on the dollar.
Cryptocurrency: Bitcoin halvings tend to boost prices.
Food for Thought: Lastly, AI has been outperforming human benchmarks:
Edited by William Villacis
Contact the Daily Shot Editor: Brief@DailyShotResearch.com
