Greetings,
The United States: The number of unemployment applications has now surpassed the average of 2018, 2019, and 2022 levels.
Continuing claims are now well above last year’s levels.
Equities: Equities have diverged from bonds as recession risks resurface.
Credit: IG fund flows remain robust.
Rates: Flows into Treasury funds have been strong.
China: The PPI weakness has been driven by upstream price declines.
Food for Thought: NYC hotel prices:
Edited by Josh Oldmixon
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