Greetings,
The United States: Soft mortgage applications signal more weakness ahead in pending home sales.
Fewer companies are talking about labor shortages, but more firms are mentioning job cuts.
Equities: Financials’ share prices have massively diverged from bond yields.
The dispersion of performance within sectors and equity factors has been atypical since the beginning of the banking turmoil.
Europe: Sweden hasn’t seen a retail sales shock like this in decades.
China: The PBoC injected liquidity into the market, lowering the front end of the interbank rate curve.
Asia – Pacific: New Zealand’s building permits are down 28% from a year ago.
Food for Thought: Here are US maternal mortality rates by state:
Edited by William Villacis
Contact the Daily Shot Editor: Brief@DailyShotResearch.com
