Greetings,
Administrative Update: The Daily Shot Brief will not be published on November 24th, 25th, and 26th.
United States: Retail sales were well above expectations in October, with consumers starting their holiday shopping early (apparently unfazed by higher prices).
![The Daily Shot Brief – November 17th, 2021](https://thedailyshot.com/wp-content/uploads/US-Ret-Sales2111170438.png)
Eurozone: French fertilizer prices are soaring, which will drive up food inflation.
![The Daily Shot Brief – November 17th, 2021](https://thedailyshot.com/wp-content/uploads/EZ-FR-Fertilizer-prices2111170438.png)
China: State-owned enterprise (SOE) debt has grown to about 130% of GDP.
![The Daily Shot Brief – November 17th, 2021](https://thedailyshot.com/wp-content/uploads/CH-1SOEs2111170438.png)
Cryptocurrency: Major cryptocurrencies have been in the red in recent days.
![The Daily Shot Brief – November 17th, 2021](https://thedailyshot.com/wp-content/uploads/BT-Rels2111170438.png)
Rates: The correlation between the short end and long end of the yield curve has collapsed to previously never seen lows.
![The Daily Shot Brief – November 17th, 2021](https://thedailyshot.com/wp-content/uploads/RA-Long-short-rate-correl2111170438.png)
Food for Thought: SALT deductions by income group:
![The Daily Shot Brief – November 17th, 2021](https://thedailyshot.com/wp-content/uploads/VTX-SALT-Deductions-by-income-group2111170438.png)
Edited by Devon Lall
Contact the Daily Shot Editor: Editor@DailyShotLetter.com