Greetings,
United States: The US economy is heating up as the job market strengthens. The March headline payrolls report topped economists’ forecast.
While hiring was robust last month, it should be noted that the upside surprise was mostly due to seasonal adjustments – see the comment from Mizuho Securities below.
United Kingdom: Long-term market-based inflation expectations continue to surge.
Cryptocurrency: Bitcoin mining electricity usage is now above that of Sweden.
Equities: The S&P 500 outperformance vs. Treasuries is at extreme levels.
Is the US stock/bond return ratio nearing a peak?
Credit: It was a rough start of the year for investment-grade bonds.
Food For Thought: Job postings for a four-day workweek:
Edited by Daniel Moskovits
Contact the Daily Shot Editor: Editor@DailyShotLetter.com
