Greetings,
The United States: Treasury yields advanced further this morning with news of faster quantitative tightening, which the stock market could no longer ignore.
For now, strong household balance sheets are expected to be a tailwind for spending.
Europe: Next, high corporate debt makes French firms more vulnerable to rising rates.
Russia: The US treasury is making is harder for Russia to keep paying on its dollar debt. As a result, bond prices plummeted.
Cryptocurrency: Here is an updated look at crypto donations to Ukraine.
Equities: Declining ISM manufacturing index and the Fed tightening monetary policy is not a good combination for stocks.
Food for Thought: The ratio of hourly earnings to gasoline prices:
Edited by Alexander Bowers
Contact the Daily Shot Editor: Brief@DailyShotResearch.com
