Greetings,
United States: The U. Michigan Consumer Sentiment report surprised to the downside as confidence took a turn for the worse in July.
The downshift in sentiment was substantial.
Europe: The euro continues to advance.
Equities: Here is the S&P 500 seasonality chart, which shows the market performance 60 days out.
The iShares global equity ETF has formed a golden cross.
Credit: US corporate bond market size continues to climb.
Rates: Declining reserves have been putting upward pressure on the fed funds rate.
Food For Thought: The most profitable company in each state:
Edited by Daniel Moskovits
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