The United States: Mortgage applications for house purchases remain at multi-year highs.
Mortgage refinancing activity is also elevated.
United Kingdom: Shares of businesses focused primarily on the UK have become highly correlated to the pound.
China: According to Goldman’s policy proxy, China’s fiscal policy has accounted for a large part of recent easing.
Equities: Historically, equities started to struggle after the spread between US 10-year and 3-month yields returns to positive territory.
Rates: The Fed is expected to continue purchasing Treasury bills after the initial ramp-up to boost reserves. It will need to do so just to maintain stability in reserve balances.
Food for Thought: Cities with the highest mortgage application denial rates:
Edited by Daniel Moskovits
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