Equities: The number of S&P 500 stocks trading above the 200-day moving average is approaching 50%.
Credit: Spreads between BB and BBB bonds are higher amid increased risk aversion.
Rates: The market-based probability of three rate cuts this year is approaching 90%.
Here is the market’s expectation for the fed funds rate trajectory.
China: Hong Kong is preparing substantial fiscal stimulus to jumpstart the economy.
United States: New home sales hit the highest level since 2007.
Food for Thought: Presidential approval rates vs. the unemployment rate:
Edited by Daniel Moskovits
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