Greetings,
United States: Consumer inflation expectations have diverged from the CPI as a result of higher grocery prices and disruptions in product availability.
Eurozone: The economic contraction has been severe, …
… and the recovery is expected to be painfully slow.
China: The renminbi is weakening on concerns that Beijing will allow substantial depreciation in China’s currency. Some see this trend as a salvo in the US-China trade war.
Energy: Crude oil floating storage remains elevated.
But the amount of refined products at sea is starting to moderate.
Credit: Who owns sub-investment-grade corporate credit?
Who are the holders of different CLO tranches?
Food For Thought: The percentage of Americans avoiding public places:
Edited by Devon Lall
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