Greetings,
Rates: The probability of another rate cut this year dipped below 10% in response to the news of a potential US-China “interim” trade deal.
Equities: This chart shows inflation-adjusted earnings per share for the Russell 3000 (broad US market).
Energy: WTI crude oil usually rises when managed money short positioning is at such extreme levels.
China: China’s courts are processing more bankruptcies.
Problem loans keep climbing.
United States: Bloomberg’s consumer sentiment index slipped in recent weeks.
Consumers appear to be concerned about their financial situation.
Food for Thought: Who will be next to drop out of the 2020 Democratic presidential nomination race? Here is what the betting markets tell us.
Edited by Daniel Moskovits
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