The United States: Some economists suggest that the US (and global) factory activity is about to slow substantially (“VP” = Variant Perception).
Equity Markets: According to one measure of investor sentiment, the bull/bear ratio is now below one.
And investment managers have significantly cut their exposure to the stock market. A bullish signal?
Credit: Who originates the most commercial mortgages?
Global Developments: Is loan growth in advanced economies about to turn higher?
Eurozone: The sudden soft patch in economic activity, climbing bond yield differentials with the US, and elevated speculative net-long bets don’t bode well for the euro.
Commodities: Gold is stuck in a trading range, awaiting direction from the dollar.
Rates: This chart provides a comparison of bond yields around the world.
Food for Thought: Which sectors are leading on AI?
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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