Greetings,
Administrative Update: The Daily Shot Brief will not be published the week of December 27th.
Energy: The European energy crisis continues to worsen as temperatures fall and Russia shuts off flows of natural gas.
![The Daily Shot Brief – December 22nd, 2021](https://thedailyshot.com/wp-content/uploads/EU-NG-FLows-from-RU-remain-shut2112220430.png)
Natural gas prices have gone vertical, jumping by over 20% in one day.
![The Daily Shot Brief – December 22nd, 2021](https://thedailyshot.com/wp-content/uploads/EU-NG2112220430.png)
Europe competes with Asia for LNG, and it recently became more profitable for exporters to sell into Europe.
![The Daily Shot Brief – December 22nd, 2021](https://thedailyshot.com/wp-content/uploads/EN-LNG-ST2112220430.png)
Equities: Long-duration (growth) stocks’ relative performance is highly sensitive to rates.
![The Daily Shot Brief – December 22nd, 2021](https://thedailyshot.com/wp-content/uploads/EQ-Long-duration-Stocks-v-rates2112220430.png)
On the other hand, “reopening” stocks have moved in tandem with the 10-year Treasury yield over the past year (relative to COVID “winners”).
![The Daily Shot Brief – December 22nd, 2021](https://thedailyshot.com/wp-content/uploads/EQ-10yr-tracks-pandemic-trade2112220430.png)
Credit: New-issue green bonds have been priced tighter than the overall market amid rising demand.
![The Daily Shot Brief – December 22nd, 2021](https://thedailyshot.com/wp-content/uploads/CR-New-issue-green-bonds-consessions2112220430.png)
China: Hong Kong voter turnout tanked this year.
![The Daily Shot Brief – December 22nd, 2021](https://thedailyshot.com/wp-content/uploads/CH-HK-voter-turnout2112220430.png)
United States: Supply bottlenecks are starting to ease, which could reduce inflationary pressures.
![The Daily Shot Brief – December 22nd, 2021](https://thedailyshot.com/wp-content/uploads/US-Supply-bottlenecks-to-ease2112220430.png)
Will we finally see a rebound in the inventories-to-sales ratio?
![The Daily Shot Brief – December 22nd, 2021](https://thedailyshot.com/wp-content/uploads/US-Invent-to-sales2112220430.png)
Food for Thought: Disappearing swing seats in the House of Representatives:
![The Daily Shot Brief – December 22nd, 2021](https://thedailyshot.com/wp-content/uploads/VTP-Swing-seats-disappearing2112220430.png)
Edited by Devon Lall
Contact the Daily Shot Editor: Editor@DailyShotLetter.com