Greetings, United States: Economists were surprised by the intensity of the pandemic recovery price gains. The Citi Inflation Surprise Index hit a record high. A majority of inflation gains in the April CPI report came from flexible prices, not sticky prices, which tend to move more slowly. Canada: Unlike the US, Canada did not …
The Daily Shot Brief – June 1st, 2021
Greetings, United States: Two-thirds of Americans think that the worst of the pandemic is “behind us.” Eurozone: Euro-area service confidence (sharp rebound): China: Beijing has lost patience with China’s strengthening currency. Energy: Brent is trading above $70/bbl. US rig count and frac spreads are grinding higher. Equities: The Reddit crowd was …
