Greetings,
United States: The headline CPI increased, driven by the recovery in fuel costs and soaring food prices.
Market-based inflation expectations have nearly recovered from the pandemic-led decline.
China: The nation’s trade surplus is near multi-year highs on a year-to-date basis.
Equities: Here is a summary of S&P 500 dividend cuts, suspensions, and increases, by sector.
And this chart shows dividend suspensions and decreases by market cap.
Credit: Loan loss provisions at the largest US banks spiked in the second quarter.
Rates: US effective real rates moved deeper into negative territory, an indication of exceptionally easy monetary conditions.
Food For Thought: TV spending by Republicans and Democrats:
Edited by Daniel Moskovits
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