MARKET DAILY

Market 06/21: June PMI surges while LEI continues to decline

Leading Economic Index (LEI) continues its decline streak, contrasting with PMI rebounding. Existing home sales drop for the 3rd consecutive month, home buying conditions are deteriorating.

US Banking, Real Estate, and Bad Debt Crisis Begins After 5 banks with over $548 billion collapsed in 2023, the entire market still believed that the banking sector crisis had officially ended. However, the latest developments show that this crisis will become more severe by the end of this year. In the latest video, Steve will answer 3 questions:

Will the historical crisis pattern continue?

What is the serious reason for this crisis?

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