The Daily Shot Brief – May 12th, 2022



United States: First, the CPI report surprised to the upside. Inflation continues to run hot.

Source: @TheTerminal, Bloomberg Finance L.P.


Equities: Stock market pain continued after a worse-than-expected CPI report. We are 2% away from the S&P 500 going into bear-market land.

Source: The Daily Shot


The Eurozone: ECB officials have signaled that an above-zero rate in 2022 is reasonable. This chart shows the market-implied trajectory of short-term rates.

Source: The Daily Shot


Cryptocurrency: With Bitcoin failing to provide protection from inflation and stable coins losing their pegs, Coinbase sees its price continuing to crash.

Source: Insider  Read full article
Source: The Daily Shot


China: The Hong Kong dollar fell to the weak end of its permitted trading band. The central bank intervened.

Source: South China Morning Post  Read full article
Source: The Daily Shot


Emerging Markets: Some EM countries could enter a period of stagflation.

Source: Fitch Solutions Macro Research


Food for Thought: Lastly, let’s take a look at gasoline prices around the world:

Source: Statista

Edited by William Villacis

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