Greetings,
United States: The NY Fed’s May manufacturing report (first regional survey of the month) was weaker than expected.
Supplier delays worsened this month, …
… which has been a national trend.
Europe: The bulk of the new COVID cases (new variant) are younger people, suggesting that vaccines have been effective.
Cryptocurrency: Bitcoin is nearing resistance at $42k.
Equities: Analysts continue to upgrade their S&P 500 earnings estimates.
Rates: Negative yields make T-bills less attractive to foreigners.
Food for Thought: Changes in US labor force participation by age:
Edited by Richard Holmes
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