Greetings,
United States: The debt ceiling “can” has been kicked down the road (into December).
![The Daily Shot Brief – October 7th, 2021](https://thedailyshot.com/wp-content/uploads/US-The-debt-ceiling-can-an-was-kicked-down-the-road-ST2110070441.png)
Yields on shorter-term T-bills declined, while December bills sold off. Stocks rebounded.
![The Daily Shot Brief – October 7th, 2021](https://thedailyshot.com/wp-content/uploads/US-Dec-Nov-Bill2110070441.png)
United Kingdom: The market expects two BoE rate hikes by next May, …
![The Daily Shot Brief – October 7th, 2021](https://thedailyshot.com/wp-content/uploads/UK-2-hikes2110070441.png)
… as inflation expectations spike (driven by an unprecedented surge in energy prices).
![The Daily Shot Brief – October 7th, 2021](https://thedailyshot.com/wp-content/uploads/UK-Inflation-Expectations2110070441.png)
Energy: Henry Hub natural gas implied volatility hit a record high.
![The Daily Shot Brief – October 7th, 2021](https://thedailyshot.com/wp-content/uploads/EN-NG-Vol2110070441.png)
![The Daily Shot Brief – October 7th, 2021](https://thedailyshot.com/wp-content/uploads/EN-NG-Vol-ST2110070441.png)
Equities: Dividend growers tend to outperform high-yield bonds during times of stress.
![The Daily Shot Brief – October 7th, 2021](https://thedailyshot.com/wp-content/uploads/EQ-Dividend-growers2110070441.png)
Global Developments: Dry bulk shipping costs continue to surge, with the largest ships (Capesize) seeing massive demand.
![The Daily Shot Brief – October 7th, 2021](https://thedailyshot.com/wp-content/uploads/GL-Baltic2110070441.png)
Food for Thought: US pandemic response vs. other advanced economies (% of GDP):
![The Daily Shot Brief – October 7th, 2021](https://thedailyshot.com/wp-content/uploads/VTC-US-pandemic-response-v-other-advanced-economies-perc-of-GDP2110070441.png)
Edited by Daniel Moskovits
Contact the Daily Shot Editor: Editor@DailyShotLetter.com