Greetings,
The United States: To begin, households’ real excess savings remain elevated.
The United Kingdom: Quantitative tightening is about to start in the UK.
The Eurozone: The market is pricing in a 75 bps ECB rate hike this week.
Equities: Earnings momentum has been negative for all S&P 500 sectors except energy. However, it appears that negative earnings revisions for financials have bottomed recently.
Energy: Short interest in energy stocks has been rising.
Cryptocurrency: The Crypto Fear & Greed Index has been stuck in “extreme fear” territory over the past month.
Emerging Markets: The Middle East saw strong IPO activity this year.
Food for Thought: Lastly, here are the historical levels of deforestation in Brazil:
Edited by William Villacis
Contact the Daily Shot Editor: Brief@DailyShotResearch.com
