United States: US factory activity all but ground to a halt in April. While the headline ISM Manufacturing PMI remained above the 2008 lows, the detail of the report showed utter devastation.
The ISM production index showed that manufacturing output in its worst shape in the post-WW-II era.
Here is the orders-to-inventories ratio.
Europe: European bank shares remain under pressure.
Energy: Without government support, the survival of the US shale sector is now in question.
Equities: US funds continue to post inflows, while investors pull money away from international and emerging market ETFs.
Credit: Potential fallen angels have risen to a record high, according to Moody’s.
Food for Thought: The 2020 electoral map according to the betting market:
Edited by Daniel Moskovits
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