Greetings,
Administrative Update: The Daily Shot Brief will not be published the week of December 27th.
Equities: Last week, the Federal Reserve confirmed that it will be rapidly removing monetary stimulus next year. Now the fiscal spigot is getting shut off as well.
Stock futures are heavy this morning.
Credit: Real estate spreads are still attractive relative to corporate credit.
Commodities: Fitch expects lower commodity prices in 2022 due to rising supply and fading demand growth.
Energy: The spread between US natural gas and global LNG prices has blown out.
Emerging Markets: The Turkish lira continues to plummet. Inflation will hit new highs, putting pressure on Erdogan’s government.
Dollar bond yields have been climbing.
Food for Thought: Inflation-adjusted minimum wage in the US:
Edited by Daniel Moskovits
Contact the Daily Shot Editor: Editor@DailyShotLetter.com
