Greetings,
The United States: Fewer companies are mentioning labor shortages and labor costs on earnings calls.
Asia-Pacific: Asian currencies have been rallying against the dollar.
Energy: Gasoline futures continue to sink, signaling lower prices at the pump.
Equities: Companies started discussing the election much earlier in this cycle than in previous ones.
Credit: High yield spreads are tight relative to the Treasury market implied vol.
Global Developments: Global economic surprises have deteriorated.
Food for Thought: Market share of major US grocery retailers:
Edited by William Villacis
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