BLOOMBERG Bloomberg July 3, 2024
Macro picture is not looking good today. You get the costs of labor the moment coming in higherthanexpected and overall confidence from the consumer plunging. Meaning that we are not looking pretty heading into a Federal Reserve meeting that its tomorrow. The 10year yield is pushing higher, of course, with borrowing costs rising. Thats usually the trend. The dollar, stronger versus the yen, a complete verse from yesterday, it looks as though japan indeed had intervention into the markets to try to prop up again. Weaker against the dollar, bitcoin along with other risk assets on the downside, 6...