Greetings,
United States: The U. Michigan consumer sentiment report showed confidence deteriorating this month. Analysts have attributed this decline to higher prices and the loss of emergency unemployment benefits.
Europe: Germany’s two major parties continue to lose support.
China: China’s rebalancing toward the private sector continues.
Equities: Companies with higher pricing power have been outperforming.
Rates: New-issue Treasury demand seems to be moderating.
Food for Thought: US home improvement store visits:
Edited by Richard Holmes
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