Greetings,
The United States: The November CPI report came in below expectation as inflation moderates.
February is now looking more like 25 bps rather than 50 bps.
The Eurozone: Germany’s ZEW expectations index climbed further this month as fears of an energy crisis this winter subside.
Emerging Markets: Brazil’s stocks came under pressure in recent days.
Equities: The S&P 500 downtrend resistance held after the CPI report.
Next, here’s a look at sector performance during periods of high and falling inflation.
Credit: Short-term US corporate bond yields are on par with the S&P 500’s earnings yield for the first time since the financial crisis.
Food for Thought: Lastly, here’s a breakdown of the tech layoffs.
Edited by Alexander Bowers
Contact the Daily Shot Editor: Brief@DailyShotResearch.com
