Greetings,
The United States: Where are we currently in terms of the financial and business cycles?
Rates: Will the 10yr Treasury yield resistance line hold next year?
The Eurozone: Analysts remain convinced that based on the real rate differentials, the euro is significantly overvalued.
Equity Markets: Flows into US large cap ETFs have been impressive.
Emerging Markets: Are EM currencies out of line with the fundamentals?
Credit: Leveraged firms have been dragging down the telecom equity sector. They are also weighing on the high-yield bond index.
Energy Markets: Houston is becoming a major hub for oil storage, competing with Cushing, OK. Is it time for Houston-settled crude oil futures?
Bitcoin: Bitcoin blasts past $15k, $16k, $17k in less than 24 hours.
Food for Thought: Bars vs. grocery stores.
Have a great weekend!
Edited by Joseph N Cohen
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Thanks to Josh Marte (@joshdigga), Matt Garrett (@MattGarrett3), Joseph Cohen (@josephncohen), Ycharts.com, S&P Global, and Moody’s Investors Service for helping with the research for the Daily Shot.
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