Greetings,
United States: The distribution of SNAP benefits spiked since the start of the pandemic (exceeding food inflation) after the government extended eligibility.
![The Daily Shot Brief – January 4th, 2022](https://thedailyshot.com/wp-content/uploads/US-SNAP-benefits2201040444.png)
China: The service sector weakened over the past quarter as China maintains its “zero-COVID” policy.
![The Daily Shot Brief – January 4th, 2022](https://thedailyshot.com/wp-content/uploads/CH-Service-sector2201040444.png)
Cryptocurrency: The number of transactions on Bitcoin’s blockchain is starting to decline, which suggests lower demand for the cryptocurrency.
![The Daily Shot Brief – January 4th, 2022](https://thedailyshot.com/wp-content/uploads/BT-22201040444.png)
Equities: A flatter yield curve has been pressuring cyclicals.
![The Daily Shot Brief – January 4th, 2022](https://thedailyshot.com/wp-content/uploads/EQ-Flatter-ycurve-pressures-cyclicals2201040444.png)
Rates: Inflation expectations drove most of the Treasury yield gains in 2021.
![The Daily Shot Brief – January 4th, 2022](https://thedailyshot.com/wp-content/uploads/RA-Attrib2201040444.png)
Food for Thought: The 2021 news cycle:
![The Daily Shot Brief – January 4th, 2022](https://thedailyshot.com/wp-content/uploads/VTP-AAAA-The-2021-news-cycle2201040444.png)
Edited by Devon Lall
Contact the Daily Shot Editor: Editor@DailyShotLetter.com