Greetings,
The United States: Existing home sales were very weak in December, down 36% in 2022. This is the biggest annual decline in decades.
US gasoline prices are on track for their first monthly gain since last June.
The Eurozone: Dutch home price declines have accelerated.
Emerging Markets: EM total equity returns have significantly underperformed developed markets in the past decade, having significantly outperformed in the previous decade.
Commodities: Turkish central bank has been buying a lot of gold.
This map shows the global soybean trade, with much of it headed for China.
Energy: Russia sold a lot of oil in December (which will buy plenty of cheap North Korean artillery shells and rockets).
Equities: The market rewarded tech layoffs last week.
Food for Thought: Here’s a breakdown of the US federal budget.
Edited by Alexander Bowers
Contact the Daily Shot Editor: Brief@DailyShotResearch.com
