Greetings,
The United States: US financial conditions have been tightening, driven by a stronger US dollar, higher yields, wider credit spreads, and a pullback in stocks.
Equities: Retail investors are not as keen on buying the dip in the current selloff.
Credit: Which sectors have the highest share of 2024 and 2025 bond maturities?
Europe: Switzerland and the UK, which held rates unchanged, saw their currencies underperform last week.
China: According to the World Economics SMI report, inflation has returned to China’s services sector.
Emerging Markets: Real rate differentials are less supportive of EM carry trades.
Food for Thought: US automakers’ market capitalization per employee:
Edited by William Villacis
Contact the Daily Shot Editor: Brief@DailyShotResearch.com
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