Greetings,
The United States: The June regional indices as well as the IHS Markit PMI (see chart) point to a further weakening in the ISM Manufacturing PMI (at the national level). Here is Goldman’s manufacturing activity tracker.
The Eurozone: Greek sovereign credit default spreads are tightening to fresh multi-year lows.
Equities: This chart shows the net speculative S&P 500 futures position less single stock and ETF shorts.
Global Developments: Growth rates in home prices and housing investment have been slowing.
Food for Thought: CEOs misbehaving:
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Edited by Joseph N Cohen
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