Greetings,
The United States: Consumer spending remains robust despite elevated prices.
Credit: Credit card debt has risen sharply this year, which has generated a lot of hype in the media.
But, it remains well below pre-COVID levels as a share of disposable income.
China: The Hong Kong dollar continues to climb as foreign capital flows back in.
Emerging Markets: Turkey’s manufacturing is in recession as demand sinks.
Commodities: US lumber prices are back at pre-COVID levels as the housing market slumps.
Equities: JP Morgan sees much lower earnings next year than the consensus estimate.
Food for Thought: Let’s take a look at Tesla’s IPO financials compared to now.
Here’s a look at Sam Bankman-Fried’s web of influence.
Edited by Alexander Bowers
Contact the Daily Shot Editor: Brief@DailyShotResearch.com
