Greetings,
United States: Initial jobless claims continue to ease. We should see a substantial drop in continuing claims (2nd chart) next month as several states terminate emergency benefits.

China: Bond yields have been declining, …

… with China’s debt outperforming other EM.

Cryptocurrency: Here is the history of bitcoin drawdowns.

Equities: Non-profitable tech continues to outperform as cryptos struggle.

Here is a basket of post-IPO stocks.

Global Developments: Global market-based inflation expectations have been climbing.

Food For Thought: New vaccinations in the US:

Edited by Daniel Moskovits
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