Greetings,
The United States: The sharp decline in the Citi Economic Surprise Index points to downside risks in Treasury yields.
![](https://thedailyshot.com/wp-content/uploads/US-Citi-v-10y2405070512.png)
The Eurozone: The ECB is on track to cut rates next month.
![](https://thedailyshot.com/wp-content/uploads/EZ-WIRP-June2405070512.png)
![](https://thedailyshot.com/wp-content/uploads/EZ-WIRP-June-ST2405070512.png)
The composite April PMI index has confirmed the Eurozone’s return to growth.
![](https://thedailyshot.com/wp-content/uploads/EZ-PMI-Composite2405070512.png)
Commodities: Weather derivatives have become very popular.
![](https://thedailyshot.com/wp-content/uploads/CO-Weather-derivatives2405070512.png)
Equities: The S&P 500 equal-weight index has been underperforming the capitalization-weighted index, while small caps have been outperforming, marking an unusual trend.
![](https://thedailyshot.com/wp-content/uploads/EQ-Small-Cpas2405070512.png)
Rates: How much would yields need to rise to wipe out a year’s worth of interest income?
![](https://thedailyshot.com/wp-content/uploads/RA-How-much-would-yields-need-to-rise-to-wipe-out-a-yearQs-worth-of-interest-incomeQ2405070512.png)
Global Developments: The Suez Canal ship transit volume has deteriorated further.
![](https://thedailyshot.com/wp-content/uploads/GL-The-Suez-Canal-ship-transit-volume-has-deteriorated-further2405070512.png)
Food for Thought: Battery manufacturing overcapacity:
![](https://thedailyshot.com/wp-content/uploads/VTB-Battery-manufacturing-overcapacity2405070512.png)
Edited by William Villacis
Contact the Daily Shot Editor: Brief@DailyShotResearch.com
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