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The United States: Bloomberg’s US economic surprise index remains near the lowest levels since 2015.
China: Tax revenue from individuals and corporations remains weak.
Commodities: Corn and soybean futures have been under pressure.
Equities: The options implied probability of a 10% correction in the S&P 500 by late September is less than 8%. That’s good news for those who want to buy some downside protection.
Credit: Large US banks accumulated a growing amount of commercial real estate (CRE) in off-balance sheet exposure, including many loans to REITs.
Food for Thought: Global data centers’ electricity use:
Edited by William Villacis
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