Greetings,
The United States: To begin, shelter inflation in the US has been surprising to the upside.
The United Kingdom: The BoE hiked rates by 50 bps as it forecasts a prolonged recession.
The Eurozone: French nuclear power output hit a multi-year low. This could not have come at a worse time.
Equities: Responses to earnings misses have been unusually benign.
The average total return for the S&P 500 the year following a yield curve inversion is almost 10%. Will we witness a similar outcome?
Emerging Markets: Thailand’s core inflation surprised to the upside, but the central bank is not raising rates.
Global Developments: Supply chain stress continues to ease as the world’s economies slow.
Food for Thought: Lastly, here are US federal wildfire suppression costs:
Edited by William Villacis
Contact the Daily Shot Editor: Brief@DailyShotResearch.com
