Greetings,
United States: Pandemic-driven housing appraisal waivers keep climbing.
Mortgage lending standards eased slightly last quarter.
Eurozone: Logistics bottlenecks have been a problem for European manufacturers.
Emerging Markets: India is gearing up to finance a massive budget.
The stock market liked the news, though bonds sold off
Equities: Here is an estimate of how much money short sellers lost this year.
Short interest has been declining, which makes the market vulnerable to downside corrections.
Rates: The Treasury will be taking out some two-thirds of its balances at the Fed, which will significantly boost reserves and pour more liquidity into money markets.
Food For Thought: Getting the news on social media:
Edited by Devon Lall
Contact the Daily Shot Editor: Editor@DailyShotLetter.com
