Greetings,
United States: The ADP private payrolls report surprised to the downside. Economists expected to see 1.2 million jobs created in July, but we got 167k.
Here is the breakdown by sector.
United Kingdom: The market continues to price in the possibility of negative rates in the UK.
Energy: US demand for gasoline and refined products remains below the 5-year range.
Refinery inputs continue to recover.
Equities: FAANMG stocks are now worth $7 trillion – more than the financial, energy, industrial, and material sectors combined.
Global Developments: This heatmap shows mobility trends by country.
Food For Thought: Key issues for the US 2020 election:
Edited by Daniel Moskovits
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