Greetings,
United States: Another 1.4 million Americans filed for unemployment benefits last week.
While the headline initial claims figure has been gradually moderating, the situation is more troubling when the Pandemic Unemployment Assistance (PUA) program is taken into account.
Eurozone: The number of European “zombie” companies is on the rise.
China: The market fear/greed indicator is deep in greed territory.
Energy: US crude oil inventories remain elevated.
But gasoline stockpiles (measured in days of supply) keep falling.
Credit: US investment-grade corporate spreads continue to tighten.
Food For Thought: SNAP participation:
Edited by Daniel Moskovits
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