Greetings,
United States: Initial jobless claims rose again.
Many Americans are about to lose their emergency unemployment benefits, widening the “K-shaped” recovery gap.
Eurozone: The broad money supply (M3) growth continues to climb.
Here are the year-over-year changes in business and consumer loans. The acceleration in M3 has been driven by the ECB, not bank lending.
China: Renminbi gains have outstripped other currencies this year.
Commodities: Gold’s 1-month risk reversals are on the verge of turning negative for the first time since March. A deterioration in risk reversals was the precursor to gold’s last bear cycle, according to Deutsche Bank.
Equities: Nasdaq trading volume hit the highest level since 2004.
Food For Thought: Who should host Jeopardy?
Edited by Daniel Moskovits
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