Macro Mondays | The Impact of Trump’s Attempted Assassination on the Market

U.S. CPI was lower than expected, (-0.1% MoM, 3.0% YoY), while U.S. PPI came in higher than expected (U.S. June producer prices rise 2.6% Y/Y; EST. +2.3%). Chinese CPI was on the cusp of deflation again (CPI +0.2% YoY, PPI -0.8% YoY) and Chinese GDP and retail sales were weaker than expected (Q2 GDP 4.7% y/y estimated +5.1%). James and Harry dive into Chinese New Homes Index data which shows new home prices falling 4.5% YoY in June 2024, the most in 9 years. This data comes despite Beijing ...