Greetings,
The United States: The market no longer expects two Fed rate cuts this year, with only 31 bps of reductions currently priced in.
Japan: JGB yields continue to surge.
Australia: The monthly CPI report surprised to the upside.
Energy: CTAs are bullish on crude oil.
Equities: The Dow is back at its 50-day moving average.
Rates: Here is a look at rate trajectories across the Fed’s easing cycles.
Food for Thought: Cocaine in wastewater in European cities:
Edited by Josh Oldmixon
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