Greetings,
Rates: In the US, real rates are surging as the 10-year TIPS yield approaches zero. This trend is particularly troubling for growth stocks.
Equities: Next, the equity risk premium continues to tighten in the US.
Did US indices bottom on March 8th? This chart shows bear market rallies during the 2007-2009 timeframe.
Energy: Here are the largest oil firms’ write-downs of Russia-based assets.
Commodities: Technical indicators suggest that the Bloomberg Commodity Index is extremely overbought.
China: Stocks sold off today amid surging COVID cases.
Also, the Lowy Institute has significantly downgraded its growth forecast for China.
Food for Thought: Lastly, let’s take a look at this chart, which shows the years of life lost due to obesity.
Edited by Alexander Bowers
Contact the Daily Shot Editor: Brief@DailyShotResearch.com
