Greetings,
United States: Business-to-business sales point to a rebound in brick & mortar retailers’ activity.
Here is the Evercore ISI survey of retailers.
China: Alibaba shares jumped after Bejing announced a fine against the firm. The regulatory “overhang” is over for now.
Cryptocurrency: Here are some estimates for Coinbase’s total market value based on revenue growth projections. Coinbase’s direct listing will trade on the Nasdaq exchange under the ticker COIN on April 14.
The FTX “pre-listing” futures contract on Coinbase is trading above $550, which prices the firm near $145 bn.
Equities: Analysts have been rapidly upgrading their Q1 2021 earnings estimates.
Rates: Some dealers see the Fed hiking rates much faster than the forecasts from the FOMC.
Food For Thought: Where most members of Congress went to college:
Edited by Daniel Moskovits
Contact the Daily Shot Editor: Editor@DailyShotLetter.com
