Greetings,
Equities: After a sharp rebound on Monday, global shares and US futures are lower this morning as the omicron jitters resurface.
Credit: The stock rally on Monday didn’t reduce high-yield spreads very much as a bit of risk aversion returns to credit markets.
Energy: US onshore oil and gas producers have been leaning hard on their drilled but uncompleted (DUC) inventory of wells. As this inventory has depleted, drilling activity should pick up more meaningfully.
Commodities: Below is an illustration of the growing demand for copper from clean energy projects. The image shows an underwater cable structure for offshore wind turbines.
Emerging Markets: LatAm economic surprises have underperformed other EMs.
Food for Thought: How contagious is omicron?
Edited by Devon Lall
Contact the Daily Shot Editor: Editor@DailyShotLetter.com
