Greetings,
United States: The U. Michigan consumer sentiment index was below market forecasts, with the expectations component stalling this month.
Near-term inflation expectations surged.
House buying conditions deteriorated further. Will we see this trend reflected in the housing market?
Cryptocurrency: The weekend’s crypto selloff wiped out all of bitcoin’s gains over the past month …
… and triggered mass liquidation (the chart shows changes in open interest).
Energy: Global oil stockpiles are normalizing.
Equities: Here is more evidence of speculative activity in the US equity market.
Global Developments: Here are pandemic-driven stimulus levels in major economies.
Food For Thought: Support for workers’ rights to collectively bargain:
Edited by Daniel Moskovits
Contact the Daily Shot Editor: Editor@DailyShotLetter.com
