Here's your summary from Bloomberg Open Interest 07/12/2024 (https://www.youtube.com/watch?v=Pza179yQMLY) on the Bloomberg Television channel:
### TLDR:
Consumer sentiment data from the University of Michigan shows a slight decrease, while inflation expectations remain steady. Bank earnings are mixed, with JPMorgan posting record profits, Citigroup beating on equities trading, and Wells Fargo warning of slowing cost-cutting efforts.
### Key Points:
1. JPMorgan posts record profit, Citigroup beats on equities trading, and Wells Fargo warns of slowing cost-cutting efforts.
2. Consumer sentiment data from the University of Michigan shows a slight decrease, with inflation expectations remaining steady.
3. Hedge funds are off to a strong start, with average gains of 13%, but macro funds are lagging behind.
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