Greetings,
The United States: Supply chain pressures are relatively low despite the Suez Canal fiasco.
![](https://thedailyshot.com/wp-content/uploads/US-Suez-CPI2402080433.png)
The Eurozone: It is rare for the ECB to cut rates when stocks have not been declining for several months.
![](https://thedailyshot.com/wp-content/uploads/EZ-EQ-rate-cuts2402080433.png)
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.
![](https://thedailyshot.com/wp-content/uploads/CH-CPI2402080433.png)
![](https://thedailyshot.com/wp-content/uploads/CH-CPI-ST2402080433.png)
Equities: Small-cap underperformance widened in recent days, exacerbated by pressure on smaller banks.
![](https://thedailyshot.com/wp-content/uploads/EQ-Small-cap-underperformance-widened-in-recent-days-exacerbated-by-concerns-about-smaller-banks2402080433.png)
Rates: A record-high 10-year note auction was met with solid demand on Wednesday, sending yields lower.
![](https://thedailyshot.com/wp-content/uploads/RA-Treasury-coupon-auction-ST22402080433.png)
![](https://thedailyshot.com/wp-content/uploads/RA-Treasury-coupon-auction-ST2402080433.png)
Commodities: Cocoa futures hit a record high, taking out the 1977 peak.
![](https://thedailyshot.com/wp-content/uploads/CO-Cocoa-futures-hit-a-record-high-taking-out-the-1977-peak2402080433.png)
![](https://thedailyshot.com/wp-content/uploads/CO-Cocoa-ST2402080433.png)
Global Developments: According to JP Morgan Global Research, 56% of central banks will be easing by the time the Fed starts cutting rates.
![](https://thedailyshot.com/wp-content/uploads/GL-According-to-JPM-56-pc-of-central-banks-will-be-easing-by-the-time-the-Fed-satrts2402080433.png)
Food for Thought: Public pensions investing in China:
![](https://thedailyshot.com/wp-content/uploads/VTG-Public-pensions-investing-in-China2402080433.png)
Edited by William Villacis
Contact the Daily Shot Editor: Brief@DailyShotResearch.com