Eurozone: In the Eurozone, as German and Spanish consumer inflation reaches multi-decade highs, the ECB will be under pressure to act sooner and move faster. Here are the market’s expectations for rapid rate hikes.
The United States: Recovery from the pandemic has seen surging airline sales in the US despite hiccups caused by the Delta and Omicron variants.
Hotel occupancy has also been improving.
Energy: US oil production remains well below pre-COVID levels. Meanwhile, the Biden administration is expected to release 180 million barrels over six months from the US Strategic Petroleum Reserve. Will supply keep up?
Equities: In equity markets, the S&P 500 valuation premium to the rest of the US market keeps widening.
China: Supply chain stress levels have worsened sharply in China due to lockdowns, with manufacturing and non-manufacturing supplier delivery times reaching their slowest since the first COVID-19 outbreak.
Food for Thought: Lastly, here is a rerouted flight path from New York to Hong Kong:
Edited by William Villacis
Contact the Daily Shot Editor: Brief@DailyShotResearch.com