Greetings,
The United States: To start, mortgage applications dipped to 2013 levels over the Memorial Day week.
CoreLogic expects home price appreciation to cool but hold in positive territory.
The United Kingdom: UK inflation is expected to outpace other advanced economies (and China) in 2022 and 2023.
China: China’s exports rebounded in May.
But, sales to the US will likely slow amid ample inventories and slowing demand.
Emerging Markets: Real rates are negative in most EM economies.
Energy: Europe is now dependent on US LNG deliveries.
Equities: This chart shows US PMIs (business activity) by sector.
Food for Thought: Lastly, here are industrial robot orders:
Edited by William Villacis
Contact the Daily Shot Editor: Brief@DailyShotResearch.com
