Greetings,
The United States: After the Fed’s “pivot” signal, markets have the first rate cut slated for March.
The yield curve steepened (bull steepening).
The Eurozone: Bond yields and swap rates declined sharply after the Fed’s pivot. The euro jumped.
Asia-Pacific: Asian currencies surged as the dollar weakened.
Equities: 90% of S&P 500 members are above their 50-day moving average.
Retail investors haven’t been this bullish since early 2021.
Credit: Credit spreads tightened sharply in response to the Fed’s pivot.
Food for Thought: Views on canine vaccines:
Edited by William Villacis
Contact the Daily Shot Editor: Brief@DailyShotResearch.com
If you would like to subscribe to the full-length Daily Shot (see example), please register here.
