Greetings,
The United States: Price gains at grocery stores have been outpacing inflation at restaurants.
Below, imports and exports are shown on separate axes to illustrate the COVID-era divergence.
Emerging Markets: Equity valuations are depressed.
Cryptocurrency: The Grayscale Bitcoin Trust discount to NAV continues to widen. Investors are getting impatient.
Equities: Morgan Stanley’s leading earnings model points to trouble ahead for stocks.
Rates: Central banks’ liability costs have been surging with rate hikes.
Food for Thought: Lastly, here’s a look at voter turnout around the world.
Edited by Alexander Bowers
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.
