Greetings,
The United States: Housing continues to drive core inflation.
Equities: Stocks have been remarkably resilient in the face of rising bond yields and higher Fed rate hike expectations.
S&P Global’s investment manager survey shows concerns about the market’s near-term performance.
Energy: According to Pantheon Macroeconomics, China’s oil demand will surpass pre-COVID levels this year.
The Eurozone: Euro-area employment growth has been robust.
The United Kingdom: Retail inflation remains very high.
Credit: Roughly 87% of the US investment-grade market is trading below par.
Food for Thought: The ozone layer is healing.
Edited by Josh Oldmixon
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