Greetings,
United States: Crude oil is now up about 45% year-to-date, with Brent blasting past $110/bbl.
There are growing concerns that the massive price surge will become a substantial drag on the US and global economy this year.
China: Developers have been struggling to raise capital from traditional sources.
And funding squeezes result in slower construction activity.
Equities: Are US earnings projections too optimistic?
Credit: US corporations have issued more debt than equity (preference for share buybacks) over the past year.
Rates: The market has downshifted Fed rate hike expectations. This chart shows the expected trajectory of short-term rates over the next few years.
Food for Thought: Who is justifying the use of force against Ukraine?
Edited by Devon Lall
Contact the Daily Shot Editor: Editor@DailyShotLetter.com
