Greetings,
United States: The U. Michigan’s consumer sentiment report was a shocker, with the composite index hitting the lowest level in a decade. Increased concerns about the resurgent pandemic and sharp price gains have taken a toll on household confidence.
It was the worst negative surprise on record.
Eurozone: The French unemployment rate held at 8% in Q2.
Commodities: Here is a look at 1-year excess returns across major commodities relative to the Bloomberg Commodity Total Return Index.
Equities: The decline in the 10-year Treasury real yield contributed to a higher S&P 500 price-to-earnings ratio.
Rates: Market expects the Fed’s taper to be completed at the beginning of 2023.
Food for Thought: Talent pools of top tech markets:
Edited by Daniel Moskovits
Contact the Daily Shot Editor: Editor@DailyShotLetter.com
