Greetings,
United States: Holiday sales are expected to exceed $800 billion this year.
Canada: The BoC struck a hawkish tone, ending QE and pulling forward rate hikes. This is exactly the type of move that is flattening yield curves around the world.
China: The property developers’ deleveraging process is going to be painful.
• Kaisa’s bonds and shares continue to sink amid rating downgrades.
• Modern Land is officially in default.
Cryptocurrency: Shiba Inu (SHIB) token going to the moon? Why not.
Energy: US crude oil inventories are low for this time of the year.
Food for Thought: The divergence between corporate profits and corporate taxes (largely due to a shift toward pass-through businesses):
Edited by Devon Lall
Contact the Daily Shot Editor: Editor@DailyShotLetter.com
