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
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