Greetings,
United States: Residential construction activity is moderating, especially in single-family housing. Here are housing starts:
And here’s permits:
United Kingdom: Inflation surprised to the upside, adding to the BoE’s concerns about being behind the curve.
Eurozone: The Eurozone-US inflation divergence has been a drag on the euro.
Cryptocurrency: There is a large dominance of BTC call options expiring Dec. 31.
Equities: Fund managers are increasingly concerned about early rate hikes derailing the rally.
Food for Thought: Warm oceans:
Edited by Daniel Moskovits
Contact the Daily Shot Editor: Editor@DailyShotLetter.com
If you would like to subscribe to the full-length Daily Shot (see example), please register here.
