Greetings,
United States: Supply bottlenecks are disappearing, which means suppliers will have a tough time raising or even maintaining prices.
![The Daily Shot Brief – May 25th, 2022](https://thedailyshot.com/wp-content/uploads/US-Richmond-Lead-TIme2205250532.png)
Europe: The divergence between business and consumer confidence in the Czech Republic has reached extreme levels.
![The Daily Shot Brief – May 25th, 2022](https://thedailyshot.com/wp-content/uploads/EU-Czech-Conf2205250532.png)
Japan: Japan’s service firms face severe cost pressures and are starting to pass those on to the customers.
![The Daily Shot Brief – May 25th, 2022](https://thedailyshot.com/wp-content/uploads/JP-Services-PMI-Prices2205250532.png)
Emerging Markets: The Turkish lira fell further, breaking through 16 to the dollar.
![The Daily Shot Brief – May 25th, 2022](https://thedailyshot.com/wp-content/uploads/EM-The-turkish-lira-fell-further-breaking-through-16-to-the-dollar2205250532.png)
Equities: Earnings downgrades continue to outpace upgrades.
![The Daily Shot Brief – May 25th, 2022](https://thedailyshot.com/wp-content/uploads/EQ-Earnings-downgrades-continue-to-outpace-upgrades2205250532.png)
Also, US companies with high free cash flow yields have massively outperformed this year.
![The Daily Shot Brief – May 25th, 2022](https://thedailyshot.com/wp-content/uploads/EQ-US-companies-with-high-free-cash-flow-yields2205250532.png)
Food for Thought: Lastly, let’s take a look at the democracy index.
![The Daily Shot Brief – May 25th, 2022](https://thedailyshot.com/wp-content/uploads/VTG-The-Democracy-Index2205250532.png)
Edited by Alexander Bowers
Contact the Daily Shot Editor: Brief@DailyShotResearch.com