Greetings,
United States: Mortgage applications for house purchase have fully recovered, hitting a multi-year high.
Europe: The EU announced a substantial fiscal measure targeting post-pandemic recovery. Who will benefit the most from the Next Generation EU fund of €750 billion?
Commodities: Some analysts continue to predict a return of the commodities supercycle.
Equities: Morgan Stanley’s equity risk indicator is back at “neutral” level.
Financial Twitter sentiment is nearly there as well.
Credit: Here is a breakdown of US high-yield defaults by sector.
Food For Thought: Tracking the pandemic by measuring virus levels in New Haven’s sewage:
Edited by Daniel Moskovits
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