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United States: The yield curve keeps flattening as the market prices in slower growth ahead. This comes as President Biden announces a ban on US imports of Russian oil.
Commodities: Nickel exploded to the upside as market participants got caught in a short squeeze (hedges have blown up amid massive margin calls). Prices rocketed following supply concerns from Russia.
Energy: US gasoline futures hit a record high.
Oil implied vol is also climbing amid uncertainty.
Equities: The selloff accelerated on Monday amid concerns about stagflation. Some analysts have noted that the latest drop felt like a capitulation.
What happens to the S&P 500 around 10% market corrections?
Eurozone: UK market-based inflation expectations are hitting record highs as energy prices soar amid fears of a supply crunch.
Food for Thought: Food delivery economics:
Edited by William Villacis
Contact the Daily Shot Editor: Editor@DailyShotLetter.com
