Greetings,
United States: Below is a new index of consumer inflation expectations from ICE.
Imports from China are still elevated.
Energy: Making plastics is becoming unprofitable in Asia. Demand destruction?
Will Russia turn off the spigot?
Equities: Risk appetite has deteriorated, but is sentiment about to stabilize?
Eurozone: The ECB will need to revise its inflation projections.
Commodities: Gold is nearing the 2020 peak.
Credit: Investment-grade debt has been underperforming high-yield (purple= IG, black=HY).
Food for Thought: Nighttime lights over Ukraine one month ago and now:
Edited by William Villacis
Contact the Daily Shot Editor: Editor@DailyShotLetter.com
If you would like to subscribe to the full-length Daily Shot (see example), please register here.
