Greetings,
Emerging Markets: The Ukraine/Russia situation has deteriorated further.
![The Daily Shot Brief – February 22nd, 2022](https://thedailyshot.com/wp-content/uploads/EM-RU-ST2202220431.png)
Russia-backed separatists currently control less than half of the Luhansk/Donetsk region. Which portion of the region did Putin recognize as “independent”? If it’s the whole area, the act will likely lead to war.
![The Daily Shot Brief – February 22nd, 2022](https://thedailyshot.com/wp-content/uploads/EM-Ukraina2202220431.png)
Will Russian “peacekeepers” push across the Minsk Protocol buffer zone?
![The Daily Shot Brief – February 22nd, 2022](https://thedailyshot.com/wp-content/uploads/EM-Ukraina-ceasefire-violations2202220431.png)
Commodities: Grain prices are surging due to Black Sea supply concerns (potential disruptions from a Ukraine/Russia armed conflict).
![The Daily Shot Brief – February 22nd, 2022](https://thedailyshot.com/wp-content/uploads/CO-Wheat-ST2202220431.png)
China: Beijing continues its regulatory crackdown on tech firms.
![The Daily Shot Brief – February 22nd, 2022](https://thedailyshot.com/wp-content/uploads/CH-Meituan-ST2202210532.png)
![The Daily Shot Brief – February 22nd, 2022](https://thedailyshot.com/wp-content/uploads/CH-Meituan-better2202210532.png)
Equities: Stock futures are heavy this morning as fears of an armed conflict in Eastern Europe spook investors. It’s worth noting that the impact of such a conflict on US corporate earnings would be very limited.
![The Daily Shot Brief – February 22nd, 2022](https://thedailyshot.com/wp-content/uploads/EQ-esa2202220431.png)
The Nasdaq 100 futures are approaching bear market territory.
![The Daily Shot Brief – February 22nd, 2022](https://thedailyshot.com/wp-content/uploads/EQ-NDX-Drawdown2202220431.png)
Rates: What does the public think happens when the fed funds rate rises?
![The Daily Shot Brief – February 22nd, 2022](https://thedailyshot.com/wp-content/uploads/RA-What-happens-when-the-fed-funds-rate-increases2202220431.png)
Food for Thought: Damage inflicted on the pavement:
![The Daily Shot Brief – February 22nd, 2022](https://thedailyshot.com/wp-content/uploads/VTF-Damage-inflicted-on-pavement2202220431.png)
Edited by Devon Lall
Contact the Daily Shot Editor: Editor@DailyShotLetter.com