Greetings,
United States: As Treasury yields climb, a rise in the 30-year mortgage rate could weigh on housing activity.
Loan applications to purchase a home declined last week.
Eurozone: Economic expectations are rebounding, which could benefit EUR/USD.
Commodities: Industrial metals keep climbing. Here’s US copper (highest since 2011):
Steel futures in China:
Equities: Some models suggest that given current valuations, long-term S&P 500 performance will be negative.
Rates: According to Alpine Macro, the 10yr Treasury yield has yet to return to “fair value.”
Food For Thought: Pandemic-induced anxiety and depression:
Edited by Daniel Moskovits
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