Greetings,
Equities: It’s been over a decade since we saw this level of growth factor underperformance vs. value (over a 3-month period).
![The Daily Shot Brief – February 25th, 2022](https://thedailyshot.com/wp-content/uploads/EQ-Value-outperformance2202250539.png)
Rates: How much does the yield curve flatten across tightening cycles?
![The Daily Shot Brief – February 25th, 2022](https://thedailyshot.com/wp-content/uploads/RA-Yld-curve-movements-across-tightening2202250539.png)
Energy: The latest Russia sanctions excluded energy and did not block Russia from the international payment system. As a result, Brent dipped from the highs but is holding above $100/bbl.
![The Daily Shot Brief – February 25th, 2022](https://thedailyshot.com/wp-content/uploads/EN-Brent2202250539.png)
Commodities: Wheat prices have been surging.
![The Daily Shot Brief – February 25th, 2022](https://thedailyshot.com/wp-content/uploads/CO-Wehat2202250539.png)
![The Daily Shot Brief – February 25th, 2022](https://thedailyshot.com/wp-content/uploads/CO-Wheat-ST2202250539.png)
Here is why.
![The Daily Shot Brief – February 25th, 2022](https://thedailyshot.com/wp-content/uploads/CO-Wheat-Ukraine2202250539.png)
Europe: The Eurozone’s economy will take a hit from Russia’s attack on Ukraine. Will the ECB delay its rate hikes?
![The Daily Shot Brief – February 25th, 2022](https://thedailyshot.com/wp-content/uploads/EZ-ECB-ST2202250539.png)
The euro rebounded from this week’s lows but could remain under pressure.
![The Daily Shot Brief – February 25th, 2022](https://thedailyshot.com/wp-content/uploads/EZ-EUR2202250539.png)
Food for Thought: Other intelligent life in the Milky Way:
![The Daily Shot Brief – February 25th, 2022](https://thedailyshot.com/wp-content/uploads/VTF-Other-intelligent-life-in-the-Milky-Way2202250539.png)
Edited by Devon Lall
Contact the Daily Shot Editor: Editor@DailyShotLetter.com