Greetings,
United States: Sentiment among higher-earning Americans tumbled in recent weeks but is holding steady among those making under $50k. This trend does not bode well for consumer spending.
![The Daily Shot Brief – May 6th, 2022](https://thedailyshot.com/wp-content/uploads/US-Cons-Conf-by-income2205060436.png)
United Kingdom: The BoE hiked rates again but struck a cautious tone. The central bank sees stagflation setting in.
![The Daily Shot Brief – May 6th, 2022](https://thedailyshot.com/wp-content/uploads/UK-Hike2205060436.png)
![The Daily Shot Brief – May 6th, 2022](https://thedailyshot.com/wp-content/uploads/UK-Hike-ST2205060436.png)
Emerging Markets: Turkey’s CPI hit 70%.
![The Daily Shot Brief – May 6th, 2022](https://thedailyshot.com/wp-content/uploads/EM-TU-CPI2205060436.png)
Energy: The number of newly approved drilling permits has increased to record high levels, which typically leads production by six-to-twelve months.
![The Daily Shot Brief – May 6th, 2022](https://thedailyshot.com/wp-content/uploads/EN-US-shale-drilling-permits2205060436.png)
Equities: Next, let’s take a look at how institutional investors are allocated across sectors vs. long-term averages
![The Daily Shot Brief – May 6th, 2022](https://thedailyshot.com/wp-content/uploads/EQ-Institutional-sector-alloc-v-hist2205060436.png)
Also, here are the year-to-date returns by asset class.
![The Daily Shot Brief – May 6th, 2022](https://thedailyshot.com/wp-content/uploads/GL-AAA-YTD-Returns2205060436.png)
Food for Thought: The decline in middle-class income share.
![The Daily Shot Brief – May 6th, 2022](https://thedailyshot.com/wp-content/uploads/VTD-The-decline-in-middle-class-income-share2205060436.png)
Edited by Alexander Bowers
Contact the Daily Shot Editor: Brief@DailyShotResearch.com