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The United States: Both business optimism and capital spending expectations have plunged, marking one of the steepest two-month declines since the pandemic.
The Eurozone: Investor sentiment improved this month.
Asia-Pacific: VC funding for South Korean startups has steadily declined since the 2020s’ peak.
Cryptocurrency: BTC/USD is declining from a key resistance zone.
Commodities: US corn futures are under pressure.
Equities: The S&P 500’s recent trajectory has converged with the historical median for 10% corrections, but the path forward increasingly hinges on recession risk. Historically, markets recover sharply in the absence of a downturn, while recession-linked corrections tend to deepen and persist.
Food for Thought: US imports of movie and TV production services by region:
Edited by Abraham Lent
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