Greetings,
The United States: The Household Survey revealed a decline in job numbers during the month of May. Note that the Household Survey is an alternative measure to the Establishment Survey that provides the official employment figures.
Equities: Globally, capital-scarce companies (energy, shipping, and some LatAm stocks) have outperformed capital-abundant companies (US software and entertainment stocks) over the past year.
Credit: Now that the debt ceiling has been lifted, the supply of T-bills is expected to surge.
The Eurozone: Economic indicators in the Eurozone point to a supportive backdrop for bonds.
Emerging Markets: The market is pricing in a sharp devaluation in the Nigerian naira. Here is the one-month forward contract.
Global Developments: This chart shows year-to-date returns for select currencies.
Food for Thought: Here are penny production costs to the US Treasury:
Edited by William Villacis
Contact the Daily Shot Editor: Brief@DailyShotResearch.com
