United States: The FOMC minutes (from the Jan 25-26 meeting) were less hawkish than feared. There didn’t seem to be any signal for a 50 bps rate hike in March.
Stocks moved higher.
The 2-year Treasury yield dropped.
The dollar was down.
Canada: Is someone taking the protest against vaccine mandates online?
Emerging Markets: Most inflation reports have been surprising to the uispide.
Energy: US demand for refined products at multi-year highs.
Equities: S&P 600 (small-cap) value stocks have been sharply outperforming growth this week.
Food for Thought: Where will the next COVID variant emerge?
Edited by Daniel Moskovits
Contact the Daily Shot Editor: Editor@DailyShotLetter.com