Greetings,
The United States: First, last month’s retail sales surprised to the upside. Here are the contributions to the headline figure, with gasoline pulling spending lower due to lower prices.
The United Kingdom: UK inflation exceeded forecasts. Here are the topline contributions.
Asia – Pacific: Australia unexpectedly registered job losses last month (for the first time in nine months).
Equities: The improvement in financial conditions suggests higher equity valuations (assuming the improvement holds).
Credit: Here is a look at comparative drawdowns across the credit spectrum since the 2000s.
Emerging Markets: This table shows the weight of agriculture in the inflation basket across EM countries.
Cryptocurrency: The Crypto Fear & Greed Index returned to “fear” territory as bullish sentiment waned.
Food for Thought: To finish, here is how US egg prices were affected by Bird Flu:
Edited by William Villacis
Contact the Daily Shot Editor: Brief@DailyShotResearch.com
