Greetings,
United States: The distribution of SNAP benefits spiked since the start of the pandemic (exceeding food inflation) after the government extended eligibility.
China: The service sector weakened over the past quarter as China maintains its “zero-COVID” policy.
Cryptocurrency: The number of transactions on Bitcoin’s blockchain is starting to decline, which suggests lower demand for the cryptocurrency.
Equities: A flatter yield curve has been pressuring cyclicals.
Rates: Inflation expectations drove most of the Treasury yield gains in 2021.
Food for Thought: The 2021 news cycle:
Edited by Devon Lall
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