Greetings,
United States: This chart shows the drivers of personal income changes since February 2020.
China: Barclays sees limited pass-through from surging PPI into CPI.
Cryptocurrency: Bitcoin had another volatile weekend, once again testing support at $30k.
The regulatory news from the UK didn’t help.
Commodities: The US Supreme Court dealt a blow to the ethanol industry.
Corn and ethanol prices retreated.
Equities: Short sellers worry about the Reddit crowd’s next target, which has resulted in falling short interest across the US equity market.
Food for Thought: Where US taxpayers claim the most healthcare expenses:
Edited by Richard Holmes
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