Greetings,
The United States: Treasury yields dropped sharply following the softer-than-expected core CPI print.
The Eurozone: Germany’s economy contracted for the second year in a row in 2024.
Japan: Yield differentials point to downside risks for dollar-yen.
Equities: Here is an overview of equity market performance across different segments on US CPI release day.
Small-caps are now highly correlated to Treasuries.
Commodities: In late 2024, gold’s correlation with stocks started to decline, while the stock/bond correlation turned positive.
Food for Thought: 151 years of S&P 500 returns with a forecast for 2025:
Edited by William Villacis
Contact the Daily Shot Editor: Brief@DailyShotResearch.com
Subscribe to the Daily Shot Brief
If you would like to subscribe to the full-length Daily Shot (see example), please register here.
