Greetings,
The United States: Starting off, the 30yr – 5yr portion of the Treasury curve has inverted this morning for the first time since 2006.
Mortgage rates continue to surge with Treasury yields, which signals tougher times ahead for homebuilders as affordability deteriorates.
The United Kingdom: Next, the UK missed out on the post-COVID trade rebound.
Emerging Markets: Latin American markets continue to outperform.
Also, Russia’s stock market reopened last week (sort of), and the government tried to boost share prices.
Commodities: It’s been quite a quarter for commodities.
Equities: Here is last week’s performance.
Food for Thought: Lastly, let’s take a look at ransomware attacks by industry.
Edited by Alexander Bowers
Contact the Daily Shot Editor: Brief@DailyShotResearch.com
