Greetings,
The United States: Fed officials are not backing off their hawkish stance. A 75 bps rate hike this month is now nearly a certainty.
The United Kingdom: Here is what inflation may look like after the household energy bill cap, according to Pantheon Macroeconomics.
Rates: The Federal Reserve’s quantitative tightening will pick up momentum this month.
Equities: Companies that benefit from higher rates, such as financials, have been outperforming recently.
Given the current valuations and inflation levels, a 20% market drop in the months ahead is a possibility, according to Guggenheim Partners.
Emerging Markets: Next, we have some data on middle-class growth in emerging markets.
Global Developments: The dollar is extremely overvalued, similar to 1985.
Food for Thought: Lastly, here’s a look at the Queen’s corgis.
Edited by Alexander Bowers
Contact the Daily Shot Editor: Brief@DailyShotResearch.com
