Greetings,
United States: The FOMC minutes show that the central bank remains dovish despite signs of stronger growth and higher inflation.
The market now expects liftoff in 2023 …
… as Treasury yields climb.
United Kingdom: The rapid pace of vaccinations in the UK gave the pound a lift.
China: The CSI 300 stock benchmark is approaching the high reached in 2007.
Energy: The polar vortex (see overview) …
… sent Texas temperatures to the lowest level in almost a century.
Equities: A lower US dollar points to a decline in the S&P 500 price-to-earnings ratio this year (which could mean either rising earnings or falling prices).
Food For Thought: The minimum wage at the federal vs. state levels:
Edited by Daniel Moskovits
Contact the Daily Shot Editor: Editor@DailyShotLetter.com
