Greetings,
The United States: Forecasters have increased their projections for the 2024 year-over-year CPI, partly due to rising energy prices.
The markets are also pricing in higher inflation this year. Here is the projection for the May CPI print.
Europe: Euro area credit demand is expected to turn around.
Cryptocurrency: Bitcoin futures positioning reveals contrasting strategies between institutional investors, with their longer-term outlooks, and hedge funds.
Commodities: Cocoa futures keep surging leading to chaotic conditions in the market.
Equities: US small caps remain more correlated to Treasuries than large caps.
Global Developments: Here is a look at how global short-term bond yields respond to data surprises (pre- and post-COVID).
Food for Thought: Weather forecast accuracy:
Edited by William Villacis
Contact the Daily Shot Editor: Brief@DailyShotResearch.com
