Greetings,
China: The number of regulatory actions coming out of Beijing has been climbing. China’s capital markets will be scarred by these actions for years to come, with substantial valuation discounts becoming a permanent feature.
Eurozone: Material/equipment shortages are most acute in Germany.
Here is the breakdown by sector (for the EU).
Europe: Here is a look at poverty rates in Europe.
Cryptocurrency: Bitcoin’s stablecoin supply ratio (SSR), which measures the cryptocurrency’s supply relative to the total supply of stablecoins denoted in BTC, is starting to rise. Some analysts believe a low/rising SSR means stablecoins have increasing buying power, used to acquire more BTC.
Insider trading was spotted at OpenSea, an NFT marketplace, as employees allegedly purchased items that they knew were set to display on the front page before publication.
Commodities: The iron ore drawdown is approaching 50%.
Food for Thought: Long-lasting cognitive impairments among some COVID patients:
Edited by Devon Lall
Contact the Daily Shot Editor: Editor@DailyShotLetter.com
