Greetings,
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The United States: Homebuilder sentiment came close to the COVID-shock lows this month.
Housing market pain was visible in last month’s retail sales.
Japan: The BoJ shocked the markets by widening the 10-year JGB yield band to 50 bps from 25 bps. The 10yr JGB yield jumped by most in nearly two decades following the monetary tightening.
China: The World Economics SMI report showed an accelerating contraction in China’s business activity this month as confidence slumps.
Equities: Value funds saw substantial inflows last week.
Canada: Canada has more fiscal room than other advanced economies.
Global Developments: Here are year-to-date returns across select asset classes.
Food for Thought: Here are the largest copper producers:
Edited by William Villacis
Contact the Daily Shot Editor: Brief@DailyShotResearch.com
