Greetings,
The United States: To begin, the US trade deficit in goods hit a new record as imports sharply outpace exports. This result didn’t bode well for the GDP report today.
Looking towards the housing market, the current loan-to-value ratio is relatively low, unlike during the subprime housing crisis.
Japan: The BoJ will maintain its bond-buying program despite firmer inflation.
The yen tumbled in response to the BoJ’s announcement, hitting the lowest level in two decades vs. USD.
Energy: In energy markets, crack spreads are hitting multi-year highs, boosting refinery margins around the world.
Equities: The AAII bull-bear spread shows that investors are most gloomy about stocks since the financial crisis selloff.
Commodities: Gold is finally succumbing to the US dollar rally.
Food for Thought: Lastly, let’s look at convenience store chains with the most locations in each state:
Edited by William Villacis
Contact the Daily Shot Editor: Brief@DailyShotResearch.com
