Greetings,
The United States: Leading indicators point to improvements in US factory activity.
Europe: The Swiss broad money supply has returned to growth.
China: China’s forward-looking survey data indicate heightened uncertainty for businesses and households.
Commodities: China continues to flood the markets with cheap copper.
Equities: More stocks in the Russell 3000 Index (broad US market) have made new monthly highs vs. lows – the best reading since 2020.
Credit: In a sign of increased risk appetite, the spread between Ba and Baa (BB vs. BBB) bonds has reached its lowest level since before the pandemic.
Food for Thought: The cost of energy by state:
Edited by William Villacis
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