The Daily Shot Brief – October 28th, 2021



United States: Holiday sales are expected to exceed $800 billion this year.

Source: Reuters Read full article
Source: NRF


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.

Source: @WSJ Read full article
Source: Bloomberg Read full article


China: The property developers’ deleveraging process is going to be painful.

 Kaisa’s bonds and shares continue to sink amid rating downgrades.

Source: Fitch Ratings Read full article


 Modern Land is officially in default.

Source: Fitch Ratings Read full article


Cryptocurrency: Shiba Inu (SHIB) token going to the moon? Why not.

Source: CoinDesk Read full article
Source: @newley Read full article


Energy: US crude oil inventories are low for this time of the year.

Source: @HFI_Research


Food for Thought: The divergence between corporate profits and corporate taxes (largely due to a shift toward pass-through businesses):

Source: SOM Macro Strategies

Edited by Devon Lall

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