Greetings,
United States: The CPI report was a shocker, with last month’s inflation rising much faster than markets expected.
![The Daily Shot Brief – November 10th, 2021](https://thedailyshot.com/wp-content/uploads/US-CPI2111110438.png)
On a year-over-year basis, CPI gains were at multi-decade highs.
![The Daily Shot Brief – November 10th, 2021](https://thedailyshot.com/wp-content/uploads/US-CPI-Core-YoY2111110438.png)
Here are the CPI changes in terms of standard deviations.
![The Daily Shot Brief – November 10th, 2021](https://thedailyshot.com/wp-content/uploads/US-CPI-4SDEV-Away2111110438.png)
Eurozone: EUR/USD dropped in response to the US CPI report.
![The Daily Shot Brief – November 10th, 2021](https://thedailyshot.com/wp-content/uploads/EZ-EUR2111110438.png)
China: Foreign investors pulled capital out of China’s stock market.
![The Daily Shot Brief – November 10th, 2021](https://thedailyshot.com/wp-content/uploads/CH-Flows2111110438.png)
Cryptocurrency: Bitcoin briefly reached an all-time high near $69K after the higher than expected US inflation print.
![The Daily Shot Brief – November 10th, 2021](https://thedailyshot.com/wp-content/uploads/BT-Record-ST2111110438.png)
![The Daily Shot Brief – November 10th, 2021](https://thedailyshot.com/wp-content/uploads/US-CPI-BTC2111110438.png)
Equities: Corporate sentiment has been moderating.
![The Daily Shot Brief – November 10th, 2021](https://thedailyshot.com/wp-content/uploads/EQ-Corp-sentiment2111110438.png)
Food for Thought: Rivian Automotive market value after the IPO:
![The Daily Shot Brief – November 10th, 2021](https://thedailyshot.com/wp-content/uploads/VTB-AAAA-Rivian-Automotive-market-value2111110438.png)
Edited by Daniel Moskovits
Contact the Daily Shot Editor: Editor@DailyShotLetter.com