Greetings,
Administrative Update: As a reminder, The Daily Shot Brief will not be published on November 24th, 25th, and 26th.
United States: The recent surge in inflation and robust labor markets are forcing the Federal Reserve to take a more hawkish stance. The probability of two rate hikes by next July climbed to 60%.
Short-term yields increased further, …
… as the yield curve continues to flatten.
China: The renminbi continues to surge against a basket of currencies.
Emerging Markets: EM shares continue to underperform.
Equities: Cyclical sectors continue to outperform defensives.
Credit: Bank lending standards on US commercial real estate continue to ease.
Food for Thought: Deterioration in mental health during the COVID era:
Edited by Daniel Moskovits
Contact the Daily Shot Editor: Editor@DailyShotLetter.com
