United States: What are the differences between the Gang of 10 and Biden’s stimulus plans?
• Dollar allocations:
• Impact on incomes:
China: As we saw in the official report, China’s service sector growth lost momentum last month.
Commodities: The largest silver ETF tumbled on Tuesday as the Reddit (retail) trade soured.
Shortages are creating a squeeze in tin markets as the curve hits massive backwardation.
Equities: Investors are still buying call options on the “fabulous five.”
According to JP Morgan, “The balance of risks is for this retail impulse [options buying] to slow rather than accelerate further from here, potentially weakening one important support for the equity market.”
Global Developments: The next set of charts shows the impact of higher interest rates on debt-servicing costs.
Food For Thought: Attitudes towards Super Bowl ads:
Edited by Devon Lall
Contact the Daily Shot Editor: Editor@DailyShotLetter.com