Greetings,
United States: The U. Michigan consumer sentiment report surprised to the downside, driven by sharp declines in the expectations component.
Despite the labor market’s strength, households are increasingly concerned about their finances.
Emerging Markets: Russian markets took a hit as the US warned of a looming attack. The Ukraine/Russia tensions continue to weigh on global risk assets.
The ruble tumbled on Friday.
Cryptocurrency: Trading volumes across cryptos have not kept up with skyrocketing market caps. That means it could take smaller amounts of capital to move markets.
Equities: Companies haven’t been punished this much for missing earnings forecasts in over a decade.
Rates: It’s been a rough start of the year for Treasuries.
Food for Thought: Preferred devices for video games:
Edited by Daniel Moskovits
Contact the Daily Shot Editor: Editor@DailyShotLetter.com
