Greetings,
United States: The U. Michigan consumer sentiment index declined this month.
The Republican-Democrat expectations gap continues to widen.
Eurozone: Italy’s GDP contracted again in Q4 and will see another decline this quarter, according to Prometeia.
Commodities: Commodities had an impressive run since last March.
Equities: The Bespoke Investment’s “ludicrous” indicator counts the number of companies with a market cap of $0.5bn or higher and a trailing price-to-sales of 10 or more that have doubled over the past three months. The index is extremely elevated but is still well below the dot-com highs.
By the way, we continue to get questions about the current investment environment’s similarities to 1999/2000. This short video provides a good example.
Rates: What are the drivers of this year’s jump in Treasury yields?
Food For Thought: Excess deaths in the US:
Edited by Daniel Moskovits
Contact the Daily Shot Editor: Editor@DailyShotLetter.com
