Greetings,
The United States: In the housing market, consumers now expect price declines over the next 12 months and slower growth over the next 5 years.
The Eurozone: Fund managers are very bearish on Eurozone equities.
Emerging Markets: The Pakistani rupee continues to tumble despite bailout support, amid increased political uncertainty.
Cryptocurrency: Crypto investment funds saw inflows totaling $12 million last week, driven by short-bitcoin products (2 charts).
Equities: We’ve had a sharp rotation out of energy and materials equities.
Rates: The bills-OIS spread suggests that market risk aversion may be easing.
Food for Thought: Lastly, here is the importance of issues to Americans’ vote for Congress.
Edited by William Villacis
Contact the Daily Shot Editor: Brief@DailyShotResearch.com
