Greetings,
The United States: New home sales hit the highest level since 2020 in July.


Asia-Pacific: Taiwan’s industrial production registered a pullback in July.

Emerging Markets: Speculative accounts are curtailing their peso carry trades.

Commodities: Speculators further boosted their bets on gold futures last week.

Equities: Corporate cash as a share of total assets has been trending lower, indicating that we could see a pullback in share buybacks.

Credit: HY bonds have performed well this year.

Food for Thought: Tesla’s Q2 performance:

Edited by William Villacis
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