The US inflation had surged to a 40-year high of 8.6% in May 2022 and Michigan consumer confidence index had plunged significantly.
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- China is reducing its US treasuries.
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- The US inflation surged to a record high of 8.6%.
- Baltic dry index - 2320
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- The US sentiment on the ground has been bearish.
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Singapore Macro Strategist
- Eric Ho
- A pundit of the third realm, a sapient, unflappable and nonpareil homosapien, with monumental fortitude and tremendous tenacity, one who has been through the vicissitudes of life, and has mastered great dexterity and virtuosity to discern between verisimilitude and actual reality.
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