The Daily Shot Brief – January 4th, 2022





United States: The distribution of SNAP benefits spiked since the start of the pandemic (exceeding food inflation) after the government extended eligibility.

Source: Quill Intelligence


China: The service sector weakened over the past quarter as China maintains its “zero-COVID” policy.

Source: China Beige Book


Cryptocurrency: The number of transactions on Bitcoin’s blockchain is starting to decline, which suggests lower demand for the cryptocurrency.

Source: Glassnode Read full article


Equities: A flatter yield curve has been pressuring cyclicals.

Source: MarketDesk Research


Rates: Inflation expectations drove most of the Treasury yield gains in 2021.

Source: Bloomberg


Food for Thought: The 2021 news cycle:

Source: @axios Read full article

Edited by Devon Lall

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