Greetings,
United States: Crude oil is now up about 45% year-to-date, with Brent blasting past $110/bbl.
![The Daily Shot Brief – March 2nd, 2022](https://thedailyshot.com/wp-content/uploads/US-Oil-surge-recession22203020438.png)
There are growing concerns that the massive price surge will become a substantial drag on the US and global economy this year.
![The Daily Shot Brief – March 2nd, 2022](https://thedailyshot.com/wp-content/uploads/US-Oil-surge-recession2203020438.png)
China: Developers have been struggling to raise capital from traditional sources.
![The Daily Shot Brief – March 2nd, 2022](https://thedailyshot.com/wp-content/uploads/CH-Issuance22203020438.png)
And funding squeezes result in slower construction activity.
![The Daily Shot Brief – March 2nd, 2022](https://thedailyshot.com/wp-content/uploads/CH-Funding-squeezes-result-in-slower-construction-activity2203020438.png)
Equities: Are US earnings projections too optimistic?
![The Daily Shot Brief – March 2nd, 2022](https://thedailyshot.com/wp-content/uploads/EQ-Earnings-projections-v-ROW2203020438.png)
Credit: US corporations have issued more debt than equity (preference for share buybacks) over the past year.
![The Daily Shot Brief – March 2nd, 2022](https://thedailyshot.com/wp-content/uploads/CR-EQ-and-Debt-Issuance2203020438.png)
Rates: The market has downshifted Fed rate hike expectations. This chart shows the expected trajectory of short-term rates over the next few years.
![The Daily Shot Brief – March 2nd, 2022](https://thedailyshot.com/wp-content/uploads/RA-OAS-curve2203020438.png)
Food for Thought: Who is justifying the use of force against Ukraine?
![The Daily Shot Brief – March 2nd, 2022](https://thedailyshot.com/wp-content/uploads/VTG-AAAA-Justifying-the-use-of-force-against-Ukraine2203020438.png)
Edited by Devon Lall
Contact the Daily Shot Editor: Editor@DailyShotLetter.com