Greetings,
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The United States: Consumer spending increased in June, with gains across goods and services.
Equities: It has been a while since the S&P 500 experienced a 1%+ drop. According to SentimenTrader, this type of dynamic is almost exclusively witnessed during bull markets.
The Eurozone: Forecasters (ECB’s Survey of Professional Forecasters) downgraded their estimates for the euro-area GDP growth over the next few years.
Europe: Sweden’s economy contracted sharply last quarter.
Japan: JGB yields surged to multi-year highs as the BoJ adjusts the yield control policy.
Emerging Markets: LatAm rate cuts have started, with Chile reducing rates by 100 bps (the market expected 75 bps).
Cryptocurrency: Curve Finance, a major stablecoin exchange, fell victim to an exploit.
Food for Thought: US trust funds are headed toward insolvency:
Edited by William Villacis
Contact the Daily Shot Editor: Brief@DailyShotResearch.com
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