Greetings,
United States: When will the Fed announce taper? Here is BofA’s survey of fund managers.
The stock market sold off in response to the Fed minutes.
China: The momentum factor has outperformed over the past decade, especially relative to the US.
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.
Energy: Gasoline crack spreads have risen this year.
But refinery businesses have underperformed due to environmental regulation concerns.
Rates: The Fed’s Bullard is becoming concerned about the central bank being behind the curve.
Food for Thought: The global impact of climate change:
Edited by Daniel Moskovits
Contact the Daily Shot Editor: Editor@DailyShotLetter.com
