United States: To begin, inflation expectations in the US remain anchored, with the one- and three-year indicators continuing to diverge.
Rates: The recent drawdown in the US Treasury market has been extreme.
Equities: In equity markets, historical trends illustrate the consequences beyond the bond market of severe Treasury drawdowns.
Eurozone: Economists increasingly see the Eurozone moving toward stagflation. Here is the GDP forecast for 2022:
And the inflation forecast for 2022:
Cryptocurrency: In the crypto-sphere, Bitcoin’s 90-day correlation with the Nasdaq 100 reached a new high, which comes as Bitcoin fell through the bottom end of its 50-day moving average.
Food for Thought: Lastly, let’s take a look at COVID-19 strains and their contagiousness vs. reduction in antibody effectiveness.
Edited by William Villacis
Contact the Daily Shot Editor: Brief@DailyShotResearch.com