The financial situation in the United States remains excellentšŸ‘šŸ‘

US Financial Conditions eased materially in the past week again, thanks to the large rally in US bonds as well as a continued risk-on move in US equities as well as the trade weighted USD. Furthermore, US economic data has clearly been surprising to the upside along with a palpable improvement in the current activity data, leading to a corresponding improvement in Q2 GDP estimates.

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