Greetings,
The United States: US manufacturing costs are rising again.
The federal government missed out on locking in low long-term rates in recent years, causing interest payments to surge.
Equities: Equity implied volatility is too low, given elevated credit spreads.
Rates: The Treasury bill curve remains distorted amid the debt ceiling “game of chicken.”
The Eurozone: Italian wage growth hit a multi-year high.
Asia-Pacific: Investors’ inflation expectations for Asia hit an eight-year low, according to a survey by BofA.
Commodities: New York sugar futures fell from an 11-year high on Monday.
Food for Thought: Lastly, here are AI-related publications in the US and China:
Edited by William Villacis
Contact the Daily Shot Editor: Brief@DailyShotResearch.com
