Greetings,
United States: The updated April U. Michigan consumer sentiment index was even stronger than the prior report.

Emerging Markets: India’s COVID cases exceeded 400,000 per day.

Cryptocurrency: Ethereum broke above $3k.

Here is the Etherium/Bitcoin ratio.

Equities: How frequently did 95% of S&P 500 stocks close above their 200-day moving average?

What percentage of stocks are overbought (RSI > 70)? (See definition of EAFE.)

Rates: Below is Goldman’s projection for net Treasury supply.

Food For Thought: Oxygen demand:

Edited by Daniel Moskovits
Contact the Daily Shot Editor: Editor@DailyShotLetter.com
If you would like to subscribe to the full-length Daily Shot (see example), please register here.