Greetings,
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The United States: More states are reporting declining economic activity, which typically occurs around recessions.
Stifel expects payroll growth to cool toward the 20-year pre-COVID median, which would resemble a soft economic landing.
Canada: Will Canada’s stocks keep outperforming the US?
The Eurozone: Eurozone money supply growth is slowing rapidly even as loan growth has remained relatively robust.
Equities: A recession will send US shares to new lows.
Energy: Energy shares have diverged from oil prices. Is the stock market expecting higher crude prices ahead?
China: China is rebuilding its energy grid as part of its five-year plan to generate more renewable energy, according to PGM Global. That could fuel greater demand for copper.
Cryptocurrency: This month has marked the fourth largest realized loss event for BTC holders on record.
Food for Thought: Lastly, holiday spending grew despite the economic backdrop:
Edited by William Villacis
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