United States: Let’s start with the housing market. Mortgage applications to purchase a home are almost back to 2019 levels. It’s been an impressive rebound.
Shares of homebuilders have been outperforming since the market lows.
Eurozone: Consumer confidence bounced from the lows.
Energy: Crude oil inventories are finally declining.
The next charts show crude oil and refined product inventories in terms of days of supply.
Equities: Growth shares are still widening their outperformance vs. value.
Credit: As earnings tumble, the number of leveraged loans getting covenant relief hit a record high.
Food For Thought: Coronavirus impact on rural communities.
Edited by Daniel Moskovits
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