Greetings,
The United States: Producer prices unexpectedly fell in May, while the core PPI remained unchanged.
Europe: Container shipping costs from Asia keep rising.
Commodities: Speculative gold bets have been rising.
Energy: Crude oil implied volatility continues to trend lower.
Equities: Long-only funds have been rotating into tech stocks, shifting away from nearly all other sectors.
Alternatives: There is a wide dispersion of returns in private equity.
Food for Thought: Versions of US flags used over time:
Edited by Josh Oldmixon
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