Greetings,
The United States: Last month’s job growth surprised to the upside. This report deviated from the Fed’s anticipated trend of a loosening labor market.
Market expectations for the 2024 rate cuts eased further but remain much deeper than the FOMC’s forecast.
The Eurozone: The market has been scaling back its ECB rate-cut expectations.
Equities: S&P 500 breadth has significantly improved, which typically signals lasting internal momentum during bull markets.
However, there are signs of short-term breadth deterioration.
China: Despite Beijing’s efforts, stocks remain under pressure, with the CSI 300 Index at its lowest since 2019.
Emerging Markets: Brazil’s trade surplus climbed in December, topping expectations.
Food for Thought: Buy Now Pay Later online spending:
Edited by William Villacis
Contact the Daily Shot Editor: Brief@DailyShotResearch.com
