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United States: The CPI report was in line with expectations, as inflation hit the highest level in over 40 years.
Energy: Energy markets are well off recent highs. Meanwhile, uranium prices are surging.
Eurozone: The ECB will wind down QE sooner than expected, but will delay rate hikes due to the war. The euro’s rebound was short-lived.
Equities: The materials sector saw massive inflows this month.
Credit: US high-yield debt continues to outperform investment-grade. Bond prices:
Rates: The market-based inflation expectations curve (breakeven) continues to invert.
Food for Thought: QR code usage:
Edited by William Villacis
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