Greetings,
United States: The CPI report was in line with expectations, as inflation hit the highest level in over 40 years.
![The Daily Shot Brief – March 11th, 2022](https://thedailyshot.com/wp-content/uploads/US-CPI-over-40yr2203110441.png)
Energy: Energy markets are well off recent highs. Meanwhile, uranium prices are surging.
![The Daily Shot Brief – March 11th, 2022](https://thedailyshot.com/wp-content/uploads/EN-Uranium2203110441.png)
Eurozone: The ECB will wind down QE sooner than expected, but will delay rate hikes due to the war. The euro’s rebound was short-lived.
![The Daily Shot Brief – March 11th, 2022](https://thedailyshot.com/wp-content/uploads/EZ-EUR2203110441.png)
Equities: The materials sector saw massive inflows this month.
![The Daily Shot Brief – March 11th, 2022](https://thedailyshot.com/wp-content/uploads/EQ-Flows-into-materials2203110441.png)
Credit: US high-yield debt continues to outperform investment-grade. Bond prices:
![The Daily Shot Brief – March 11th, 2022](https://thedailyshot.com/wp-content/uploads/CR-HYG-LQS2203110441.png)
Rates: The market-based inflation expectations curve (breakeven) continues to invert.
![The Daily Shot Brief – March 11th, 2022](https://thedailyshot.com/wp-content/uploads/RA-Breakeven-curve2203110441.png)
Food for Thought: QR code usage:
![The Daily Shot Brief – March 11th, 2022](https://thedailyshot.com/wp-content/uploads/VTT-QR-code-usage2203110441.png)
Edited by William Villacis
Contact the Daily Shot Editor: Editor@DailyShotLetter.com