Greetings,
United States: The ISM Services PMI index hit a record high last month, pointing to rapid growth in the service sector. Here are the components.
China: We have some data on mobile payments in China.
Cryptocurrency: It’s the Wild, Wild West in cryptoland, according to Gary Gensler.
Credit: Banks are starting to ease lending standards on commercial real estate debt while demand is increasing.
Global Developments: Morgan Stanley expects the dollar to strengthen as US real rates rise and inflation expectations decline, typically associated with Fed hawkishness.
Food for Thought: Common signs of heat exhaustion:
Edited by Richard Holmes
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