Greetings,
The United States: Unlike in many parts of the world, US small and medium-sized businesses are a substantial component of the economy.
Equity Markets: Analysts are boosting US corporate earnings forecasts again.
The United Kingdom: Consumer sentiment took a hit.
Commodities: Grain prices are consolidating.
Emerging Markets: Argentina’s central bank was selling US dollars last week to boost the nation’s currency.
Eurozone: Crude oil prices and the euro are pulling the area’s inflation rate in opposite directions.
Rates: This chart shows duration risks across major fixed income markets.
China: The PBoC is using bank lending facilities to keep the monetary base stable.
Cryptocurrency: The number of crypto funds continues to grow.
Food for Thought: Ivy League graduates in the US Congress.
Edited by Joseph N Cohen
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Thanks to Josh Marte (@joshdigga), Matt Garrett (@MattGarrett3), Joseph Cohen (@josephncohen), Ycharts.com, S&P Global, and Moody’s Investors Service for helping with the research for the Daily Shot.
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