Greetings,
The United States: Mortgage applications softened last week, now running more than 40 % below levels seen in recent years.
The United Kingdom: Retail sales unexpectedly declined this month.
Japan: Dollar-yen is trading above 160 despite diverging for the rate differential with the US.
Energy: China’s weak credit expansion has been a headwind for crude oil demand.
Credit: Leveraged loan repricing surged this year.
Rates: Flows into TLT (long-duration Treasury ETF) surged this week.
Food for Thought: Production and prices of ice cream in the US:
Edited by William Villacis
Contact the Daily Shot Editor: Brief@DailyShotResearch.com
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