Greetings,
The United States: Supply chain pressures are relatively low despite the Suez Canal fiasco.

The Eurozone: It is rare for the ECB to cut rates when stocks have not been declining for several months.

China: China’s disinflationary pressures persist, partly reflecting weak domestic demand. In January, the CPI had its biggest year-over-year decline since the GFC.


Equities: Small-cap underperformance widened in recent days, exacerbated by pressure on smaller banks.

Rates: A record-high 10-year note auction was met with solid demand on Wednesday, sending yields lower.


Commodities: Cocoa futures hit a record high, taking out the 1977 peak.


Global Developments: According to JP Morgan Global Research, 56% of central banks will be easing by the time the Fed starts cutting rates.

Food for Thought: Public pensions investing in China:

Edited by William Villacis
Contact the Daily Shot Editor: Brief@DailyShotResearch.com