Greetings,
The United States: Increased talk of a “soft landing” tends to precede a recession.
Homebuilder sentiment unexpectedly dipped this month as elevated mortgage rates and reduced affordability erode demand.
Rates: Historically, the timing of the last rate hike coincided with a cycle peak in the 10-year Treasury yield.
Energy: The recent crude rally has been driven mostly by higher demand.
Global Developments: Speculative accounts have covered their bets against the dollar.
Canada: Industrial producer prices jumped last month.
Commodities: Sugar futures hit a multi-year high amid export restrictions in Asia and concerns about the sugar cane harvest in Brazil.
Food for Thought: Here is reliance on key minerals in vehicle production:
Edited by William Villacis
Contact the Daily Shot Editor: Brief@DailyShotResearch.com
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