Greetings,
United States: When will the Fed announce taper? Here is BofA’s survey of fund managers.
![The Daily Shot Brief – August 19th, 2021](https://thedailyshot.com/wp-content/uploads/US-FOMC-when-will-the-Fed-announce-taper2108190442.png)
The stock market sold off in response to the Fed minutes.
![The Daily Shot Brief – August 19th, 2021](https://thedailyshot.com/wp-content/uploads/US-FOMC-M-ESA2108190442.png)
China: The momentum factor has outperformed over the past decade, especially relative to the US.
![The Daily Shot Brief – August 19th, 2021](https://thedailyshot.com/wp-content/uploads/CH-Momentum2108190442.png)
Cryptocurrency: The market dominance of bitcoin, or the largest cryptocurrency’s value as a share of the overall market, declined to 44% over the past week. Altcoins such as ether, XRP, and Cardano took the lead.
![The Daily Shot Brief – August 19th, 2021](https://thedailyshot.com/wp-content/uploads/BT-Market-dominance2108190442.png)
Energy: Gasoline crack spreads have risen this year.
![The Daily Shot Brief – August 19th, 2021](https://thedailyshot.com/wp-content/uploads/EN-Crack2108190442.png)
But refinery businesses have underperformed due to environmental regulation concerns.
![The Daily Shot Brief – August 19th, 2021](https://thedailyshot.com/wp-content/uploads/EN-Crack22108190442.png)
Rates: The Fed’s Bullard is becoming concerned about the central bank being behind the curve.
![The Daily Shot Brief – August 19th, 2021](https://thedailyshot.com/wp-content/uploads/RA-Bullard-ST2108190442.png)
Food for Thought: The global impact of climate change:
![The Daily Shot Brief – August 19th, 2021](https://thedailyshot.com/wp-content/uploads/VTN-AAA-The-global-impact-of-climate-change2108190442.png)
Edited by Daniel Moskovits
Contact the Daily Shot Editor: Editor@DailyShotLetter.com