Greetings,
The United States: To begin, Powell’s Jackson Hole speech brought the market into a closer alignment with the FOMC’s dot plot.
With slowing demand in the housing market, more sellers are switching their listings to rentals.
The Eurozone: A 75 bps ECB rate hike in September looks increasingly likely.
China: To counter renminbi depreciation, Beijing is now prodding the currency higher.
Equities: Earnings growth is expected to slow but remains positive on a year-over-year basis.
Rates: As the Treasury Yield curve continues to flatten/invert, markets are pricing in a full inversion in six months.
Emerging Markets: Brazilian equities have seen volatility spikes ahead of elections in previous cycles.
Food for Thought: Lastly, here is how search interest for Wordle evolved over the past months:
Edited by William Villacis
Contact the Daily Shot Editor: Brief@DailyShotResearch.com
