The Daily Shot Brief – April 29th, 2021



United States: The Fed acknowledged economic improvements and higher inflation but sees price gains as “reflecting transitory factors.” Here are the changes from the previous FOMC statement.

Source: @johnjhardy

Moreover, Fed Chair Powell said that “it is not the time to start talking about tapering.” The US central bank remains extraordinarily dovish and entirely focused on the labor market recovery, especially in some vulnerable sectors.

Source: Oxford Economics


China: This chart shows the share of assets held by China’s private companies.

Source: Bruegel Read full article


Cryptocurrency: Genesis Trading, a digital currency prime broker, transacted $31.5 billion in spot trading in Q1 – $8 billion of which was traded by corporates using bitcoin as a treasury reserve asset.

Source: Genesis Trading


Energy: US crude oil production remains capped at 11 million barrels per day.

Source: The Daily Shot


Equities: Which sectors are most vulnerable to tax hikes?

Source: Citi Private Bank


Food For Thought: States losing or gaining seats in Congress:

Source: Bloomberg Read full article

Edited by Daniel Moskovits

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