Greetings,
The United States: The gap between home prices and wages continues to widen. This was sustainable when mortgage rates dipped below 3%, but not now.
In addition, the University of Michigan’s index of buying conditions for houses, which is based on consumer sentiment, has collapsed.
Emerging Markets: South Africa’s unemployment appears to have peaked.
Commodities: Next, wheat tumbled on news from Russia.
Equities: US households haven’t been this gloomy on stocks in about a decade, according to the Conference Board.
Also, we have the S&P 500 year-to-date performance attribution
Global Developments: The pullback in Swiss watch exports points to softer demand for luxury goods.
Food for Thought: Lastly, let’s take a look at the world’s highest-paid athletes.
Edited by Alexander Bowers
Contact the Daily Shot Editor: Brief@DailyShotResearch.com
