Greetings,
United States: The fourth-quarter GDP growth topped expectations. However, over 70% of the increase was due to companies building inventories.
It remains to be seen if the demand will be strong enough to quickly absorb this increase.
United Kingdom: The CBI report showed softer retail sales this month.
China: The stock market selloff continues, …
… as Hong Kong and international investors pulled capital out.
Cryptocurrency: Fidelity is entering the metaverse.
Commodities: The rise in real rates will result in higher capital costs, which could weigh on industrial commodities, including energy, according to Cresset.
Food for Thought: US Senate polarization scores:
Edited by Devon Lall
Contact the Daily Shot Editor: Editor@DailyShotLetter.com
