Greetings,
The United States: Mortgage applications continue to weaken as mortgage rates climb.
Equities: Institutional outflows from equities slowed last month.
Alternatives: US private equity funds continue to mark down the value of their portfolios, which began around the second half of 2022. According to PitchBook, fewer exit opportunities mean fewer chances to mark up portfolios through realized returns.
China: Property developers are experiencing widening cash shortfall.
Emerging Markets: LatAm countries have the highest policy rates across EM and the most scope for rate cuts.
Commodities: Rice futures in Asia surged this week.
Food for Thought: How old should the US president be?
Edited by William Villacis
Contact the Daily Shot Editor: Brief@DailyShotResearch.com
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