Greetings,
The United States: Small business payroll gains have gradually eased, creating a wide gap with rent payment growth, according to BofA client data.
The United Kingdom: Hedge funds have been boosting their bets on the pound.
Commodities: Cocoa demand is slowing after massive price increases this year.
Equities: The S&P 500 has diverged from market breadth, as measured by the advance-decline line.
Global Developments: The chart below shows the daily transit trade volume through the Cape of Good Hope and the Suez Canal.
Food for Thought: Median income by state:
Edited by Josh Oldmixon
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