Greetings,
Energy: Brent crude declined sharply on Wednesday as the US gasoline inventory build boosted concerns about weakening demand.
Commodities: Sugar futures are plunging. Declining crude oil prices pressure the ethanol market, prompting global sugar mills to shift their focus from ethanol to sugar production. This change tends to increase sugar supplies.
Credit: Blackstone’s mortgage REIT is in Muddy Waters’ crosshairs.
Rates: Options bets on a further rally in TLT (iShares 20 Plus Year Treasury Bond ETF) have surged.
Equities: The S&P 500 typically struggles when the Fed is easing into tight credit conditions.
Emerging Markets: India’s stock market capitalization hit a record high.
Japan: JGB yields surged in response to a potential BOJ rate hike.
Food for Thought: Share of global semiconductor production:
Edited by William Villacis
Contact the Daily Shot Editor: Brief@DailyShotResearch.com
