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The United States: The May CPI print was notably soft, with both headline and core figures coming in well below forecasts.
The United Kingdom: The UK housing market remains sluggish, according to the May RICS report.
Emerging Markets: Mexico’s factory output fell below last year’s levels but remained relatively strong in April.
Rates: Deutsche Bank expects a Fed rate cut in December, followed by two more cuts in Q1 2026.
Commodities: Broad commodities remain near record lows relative to the S&P 500.
Equities: The put-call ratio has been trending lower, reflecting waning demand for downside protection.
Food for Thought: Largest CEO compensation packages in 2024 by pay component:
Edited by Abraham Lent
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