Greetings,
The United States: To begin, the deterioration of housing affordability over the last twelve months has been exceptionally rapid.
The public tends to start noticing inflation when the CPI hits 4-5%.
Cryptocurrency: Binance will not acquire FTX after all, which triggered another round of selling in the crypto market. Bitcoin appears to have found support near 16k.
Credit: The rise in equity volatility points to wider US investment-grade credit spreads.
Energy: Brent is at the 50-day moving average.
The Eurozone: The ECB’s “profit” is deteriorating as interest rates surge.
Emerging Markets: Consumer confidence in EM Asia is holding up versus developed markets.
Food for Thought: Lastly, here is the degree of internet censorship around the world:
Edited by William Villacis
Contact the Daily Shot Editor: Brief@DailyShotResearch.com
