Greetings,
United States: Many households are struggling to pay rent.
Eurozone: This chart shows the ECB’s monthly asset purchases.
Equities: The momentum factor has outperformed significantly over the past decade.
Credit: Investment-grade corporate bond spreads are the tightest since 2018.
The average energy-sector high-yield spread is below 500bps.
Rates: US reserve balances are nearing the record set early last year (the decline was mostly due to falling central bank swap balances).
Food For Thought: Rising global temperatures:
Edited by Daniel Moskovits
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