Watch this weeks review here: https://youtu.be/mTaiqWF0RhI
Major Headlines: CPI release above expectations, retail sales beat expectations as well. Bank earnings mostly miss, though Citigroup beats. Biden heads to Middle East for negotiations.
In bond markets, we see a divergence between EM and rest of the class.
Dollar strength hits another sharp leg up. EURUSD briefly achieves parity for first time since the Dotcom Bubble.
Commodity prices decline, perhaps more on demand destruction as opposed to improving supply chains.
Big spike in new job listings in the US. Note FRED releases this data on 2 week lag.
Yield curve inversion strengthens for a second week.