The Daily Shot Brief – December 22nd, 2021

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Administrative Update: The Daily Shot Brief will not be published the week of December 27th.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
Source: Bloomberg

 

Natural gas prices have gone vertical, jumping by over 20% in one day.

The Daily Shot Brief – December 22nd, 2021
Source: Daily Shot

 

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
Source: World Oil Read full article

 

Equities: Long-duration (growth) stocks’ relative performance is highly sensitive to rates.

The Daily Shot Brief – December 22nd, 2021
Source: @TimmerFidelity, @Fidelity

 

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
Source: BCA Research

 

Credit: New-issue green bonds have been priced tighter than the overall market amid rising demand.

The Daily Shot Brief – December 22nd, 2021
Source: BofA Global Research; @MikeZaccardi

 

China: Hong Kong voter turnout tanked this year.

The Daily Shot Brief – December 22nd, 2021
Source: Statista

 

United States: Supply bottlenecks are starting to ease, which could reduce inflationary pressures.

The Daily Shot Brief – December 22nd, 2021
Source: Alpine Macro

 

Will we finally see a rebound in the inventories-to-sales ratio?

The Daily Shot Brief – December 22nd, 2021
Source: Wells Fargo Securities

 

Food for Thought: Disappearing swing seats in the House of Representatives:

The Daily Shot Brief – December 22nd, 2021
Source: Mehlman Castagnetti Rosen & Thomas Read full article

Edited by Devon Lall

Contact the Daily Shot Editor: Editor@DailyShotLetter.com


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