Greetings,
United States: Capital Economics does not see the Fed slowing rate hikes in 2023. This forecast diverges from market expectations.
United Kingdom: UK hospitalization data suggest that omicron may be less dangerous than previous COVID variants.
China: China has captured the vast majority of the post-pandemic increase in global trade.
Equities: Most-shorted shares have been underperforming this month as the Reddit crowd pulls back.
We can see the retail investor retreat from the underperformance of stocks with the highest options volumes.
Short interest across the US stock market continues to drop (Russell 3000 = broad market index).
Global Developments: Profit margins are well above historical averages in almost every region.
Food for Thought: Largest social media platforms, based on active global users:
Edited by Daniel Moskovits
Contact the Daily Shot Editor: Editor@DailyShotLetter.com
