Greetings,
United States: First, the NY Fed’s manufacturing index (the first regional report of the month) surprised to the downside.
![The Daily Shot Brief – May 17th, 2022](https://thedailyshot.com/wp-content/uploads/US-Empire2205170439.png)
The Eurozone: Fund managers haven’t been this bearish on the Eurozone in over a decade.
![The Daily Shot Brief – May 17th, 2022](https://thedailyshot.com/wp-content/uploads/EZ-FMS-EZ2205170439.png)
China: The PBoC is continuing its “stealth” rate cut.
![The Daily Shot Brief – May 17th, 2022](https://thedailyshot.com/wp-content/uploads/CH-Stealth-rate-cut2205170439.png)
Cryptocurrencies: Bitcoin’s skew is elevated, indicating stronger demand for puts than calls.
![The Daily Shot Brief – May 17th, 2022](https://thedailyshot.com/wp-content/uploads/BT-32205170439.png)
Emerging Markets: Colombia’s economic activity has been very strong.
![The Daily Shot Brief – May 17th, 2022](https://thedailyshot.com/wp-content/uploads/EM-Colombias-economic-activity-was-very-strong-in-March2205170439.png)
Commodities: Crop conditions indicators for US grains have been less than ideal, especially for wheat.
![The Daily Shot Brief – May 17th, 2022](https://thedailyshot.com/wp-content/uploads/CO-Crop-indicators2205170439.png)
Food for Thought: Lastly, here are the percentages of fertilizer imports from Russia and Belarus:
![The Daily Shot Brief – May 17th, 2022](https://thedailyshot.com/wp-content/uploads/VTG-Fertiilizer-imports-from-Russia-and-Belarus2205170439.png)
Edited by William Villacis
Contact the Daily Shot Editor: Brief@DailyShotResearch.com