Greetings,
United States: Consumer confidence among higher-income Americans is recovering. That’s not the case for those in the lower-income brackets.
Emerging Markets: Latin America has been devastated by COVID.
Energy: The slump in US natural gas futures continues.
Equities: Here is BofA’s chart showing the recent spike in call option volume.
Global Developments: Technicals suggest that the dollar is oversold.
But massive twin deficits in the US could cap short-term gains in the dollar.
Food For Thought: Reasons for working from home:
Edited by Daniel Moskovits
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