Equities: The Nasdaq Composite entered correction territory as investors dumped “long-duration” equities.
High-multiple growth equities continue to be driven by real rates. Here is the post-IPO portfolio’s correlation with inflation-linked Treasuries.
Cryptocurrency: Crypto-focused stocks have been selling off with bitcoin.
China: The renminbi is grinding higher vs. USD amid strong exports and portfolio inflows.
Eurozone: German producer prices continue to surge.
United States: Mortgage rates are now at pre-COVID levels.
Food for Thought: US gun sales:
Edited by Daniel Moskovits
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