Greetings,
The United States: On Friday, Jerome Powell reminded the markets not to expect a “pivot” from the US central bank. They will keep at raising rates until price stability is restored. Real yields jumped as a result.
This information put downward pressure on stocks.
The Eurozone: ECB officials also struck a hawkish tone at Jackson Hole. Market expectations for the ECB rate at the end of the year hit a new high.
Cryptocurrency: Cryptos are down sharply over the weekend, with bitcoin dipping below $20k
Commodities: Precious metals are under pressure from higher bond yields and a stronger dollar. Here is silver:
Equities: Rising real yields are a headwind for growth stocks.
Alternatives: Trading card prices have exploded to the upside.
Food for Thought: Here’s a look at TV consumption by type.
Edited by Alexander Bowers
Contact the Daily Shot Editor: Brief@DailyShotResearch.com
