Greetings,
The United States: Housing starts are almost 23% below last year’s levels in April, but residential construction has been stabilizing.
If the impasse over the debt ceiling is resolved, the possibility of a rate hike in June cannot be ruled out.
Rates: The 5-year breakeven inflation expectations index is now at pre-COVID highs. Will the current level continue to act as support?
Equities: Regional banks surged on Wednesday.
Japan: Foreigners have been jumping into Japanese equities, boosting prices.
Canada: A BoC rate hike this summer looks increasingly likely.
Food for Thought: Here are US box office sales:
Edited by William Villacis
Contact the Daily Shot Editor: Brief@DailyShotResearch.com
If you would like to subscribe to the full-length Daily Shot (see example), please register here.
