Greetings,
The United States: The FOMC’s focus is now on the components of the core inflation index sensitive to wage growth, such as food services.
The ADP private payrolls report is signaling a hiring slowdown in January. It’s unclear if this softening will be reflected in the official jobs report.
Equities: Companies with international sales exposure continue to outperform as the US dollar softens.
VIX dipped below 18 for the first time in over a year.
Global Developments: January was a strong month for global assets, following a challenging 2022.
The Eurozone: The Eurozone PMI signaled slower manufacturing contraction.
Cryptocurrency: The Crypto Fear & Greed Index broke out into “greed” territory for the first time since March 2022.
Food for Thought: It’s Groundhog Day. Here are some stats:
Edited by William Villacis
Contact the Daily Shot Editor: Brief@DailyShotResearch.com
