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The United States: While a November rate increase is off the table, the market has been pricing in some probability of a hike in January.
China: China’s 10-year government bond yield remains well below the US equivalent.
The Eurozone: The PMI report showed a deepening contraction in the euro-area business activity this month.
Emerging Markets: Investors have been rotating out of the broad EM equity ETF (EEM) into the EM ex-China ETF (EMXC).
Cryptocurrency: Bitcoin rallied from oversold levels and is approaching initial resistance near $35K.
Energy: Floating storage of crude oil is down sharply as Iran liquidates its stockpiles.
Commodities: Cocoa prices are surging.
Food for Thought: AI platform website visits:
Edited by William Villacis
Contact the Daily Shot Editor: Brief@DailyShotResearch.com
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