Greetings,
The United States: Despite US debt levels at multi-decade highs (as % of the GDP), the Federal government continues to enjoy relatively low interest rates (for now).
The Eurozone: The market continues to price in ECB rate cuts this year.
China: Housing inventory-to-sales ratio continues to trend lower.
Global Developments: Here are the year-to-date relative performance of equity indices.
Food for Thought: Manhattan home prices:
Edited by Joseph N Cohen
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Thanks to Josh Marte (@joshdigga), Matt Garrett (@MattGarrett3), Joseph Cohen (@josephncohen), Ycharts.com, S&P Global, and Moody’s Investors Service for helping with the research for the Daily Shot.
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