Greetings,
United States: Consumer confidence continues to improve. Americans are now almost as comfortable with personal finances as they were before the pandemic.
United Kingdom: The BoE struck a somewhat dovish tone this week.
The central bank’s inflation forecast assumes a “transient” bump.
China: Tourists/gamblers are not rushing back to Macau.
Commodities: Despite the correction in lumber futures, oriented strand board prices keep surging (a headache for builders).
Equities: News of a potential infrastructure compromise sent stocks higher, with indices hitting new records.
The market also got a boost from the banking system’s successful stress tests.
Food for Thought: Americans are quitting their jobs in record numbers.
Edited by Richard Holmes
Contact the Daily Shot Editor: Editor@DailyShotLetter.com
