Greetings,
The United States: First, earnings reports from Walmart and Target spooked investors on Wednesday, fueling fresh concerns about collapsing discretionary spending and impending recession. The stock market plunged.
![The Daily Shot Brief – May 19th, 2022](https://thedailyshot.com/wp-content/uploads/US-Target-ST2205190440.png)
![The Daily Shot Brief – May 19th, 2022](https://thedailyshot.com/wp-content/uploads/US-Target2205190440.png)
The Eurozone: Eurozone YoY Core CPI reached 3.5% in April. This comes as the ECB plans to continue QE until July, when the market anticipates a 25bp deposit rate hike.
![The Daily Shot Brief – May 19th, 2022](https://thedailyshot.com/wp-content/uploads/EZ-ECB-ST2205190440.png)
![The Daily Shot Brief – May 19th, 2022](https://thedailyshot.com/wp-content/uploads/EZ-July-hike2205190440.png)
Equities: In equity markets, the put/call ratio among small traders remains elevated.
![The Daily Shot Brief – May 19th, 2022](https://thedailyshot.com/wp-content/uploads/EQ-Put-Call-among-small-traders2205190440.png)
How did stocks perform during past recessions?
![The Daily Shot Brief – May 19th, 2022](https://thedailyshot.com/wp-content/uploads/EQ-Recession-Contractions2205190440.png)
Rates: Treasury bill demand is showing up in ETF flows.
![The Daily Shot Brief – May 19th, 2022](https://thedailyshot.com/wp-content/uploads/RA-BIL-shares-outstanding2205190440.png)
Cryptocurrency: Bitcoin’s correlation to stocks keeps rising.
![The Daily Shot Brief – May 19th, 2022](https://thedailyshot.com/wp-content/uploads/BT-Correl2205190440.png)
Food for Thought: To finish up, let’s look at the potential expansion of NATO’s land border with Russia:
![The Daily Shot Brief – May 19th, 2022](https://thedailyshot.com/wp-content/uploads/VTG-AAA-Potential-expansion-of-NATOs-land-border-with-Russia2205190440.png)
Edited by William Villacis
Contact the Daily Shot Editor: Brief@DailyShotResearch.com