Greetings,
The United States: Looking at inflation, lower gasoline prices and, to a lesser extent, food prices sent inflation expectations sharply lower. While this is an important consideration for the Fed, it’s unlikely to deter the central bank from continuing with its tightening policy.
The US dollar strength has been putting downward pressure on import prices, which should slow consumer goods inflation.
Emerging Markets: How far are EM central banks from completing their policy tightening?
Cryptocurrency: Both long and short-Bitcoin funds saw outflows last week, while Ethereum-focused funds saw inflows.
Equities: Semiconductor profits are expected to decline sharply.
Value typically underperforms low-vol during manufacturing contractions.
Credit: Lower-rated ABS spreads have risen substantially this year.
Food for Thought: To conclude, here are where people make friends:
Edited by William Villacis
Contact the Daily Shot Editor: Brief@DailyShotResearch.com
