Greetings,
The United States: The Atlanta Fed’s wage growth tracker declined sharply in April.
Europe: Sweden’s inflation has finally peaked.
Asia-Pacific: Japan’s TOPIX hit a multi-decade high.
China: Industrial production surprised to the downside.
Retail sales were also softer than expected.
Equities: US and European equities no longer offer an attractive yield compared to credit.
Positive earnings surprises haven’t been met with a lot of enthusiasm.
Food for Thought: Lastly, here are the number of US passports issued over the last 30 years:
Edited by William Villacis
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