Greetings,
The United States: Here are new home sales vs. houses under construction.
The yield curve inversion deepened this week.
Japan: The dam is about to break. The BoJ’s battle with the markets is becoming too costly, as the central bank buys massive amounts of JGBs.
Meanwhile, inflation is accelerating.
Equities: US small-caps appear attractively valued, but depressed small business sentiment poses downside risks.
Energy: US crude oil inventories jumped last week.
Global Developments: Global inflation continues to slow.
Food for Thought: Here is the share of global goods exports by region:
Edited by William Villacis
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