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United States: First, the March PPI report bore daunting results, coming in well above consensus estimates. The monthly increase in producer prices (2nd panel below) was the highest in years.
Alongside this, the share of CPI items with 4% or higher price gains has exploded.
Equities: Next, let’s look at equity sector performance during different macro conditions.
Energy: In energy markets, uranium prices are surging (driven by expected global demand and elevated fuel prices).
Emerging Markets: Colombia’s manufacturing output has been robust.
Canada: Central banks across the globe are hiking rates to combat inflation. For example, Wells Fargo expects the BoC to push the policy rate to 3.5%.
Food for Thought: Lastly, let’s look at net migration in the largest US cities.
Edited by William Villacis
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