The Daily Shot Brief – August 29th, 2022



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.

Source: Daily Shot

This information put downward pressure on stocks.

Source: Daily Shot


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.

Source: Daily Shot


Cryptocurrency: Cryptos are down sharply over the weekend, with bitcoin dipping below $20k

Source: Daily Shot


Commodities:  Precious metals are under pressure from higher bond yields and a stronger dollar. Here is silver:

Source: Daily Shot


Equities: Rising real yields are a headwind for growth stocks.

Source: Daily Shot


Alternatives: Trading card prices have exploded to the upside.

Source: PWCC


Food for Thought: Here’s a look at TV consumption by type.

Source: @axios Read full article


Edited by Alexander Bowers

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