Greetings,
United States: Consumer sentiment bounced this month amid soaring stock market, vaccine progress, and falling COVID cases. The improvement topped economists’ forecasts.
But consumers seem to be concerned about their financial situation in a year (presumably when government support ends).
Eurozone: How much will the ECB accelerate its securities purchases?
Cryptocurrency: Bitcoin rose above $60k.
Equities: Higher Treasury yields have been driving the Russell 2000 outperformance vs. the Nasdaq 100.
Will the earnings recovery limit potential downside in stocks?
Rates: Economists expect liftoff in 2023. But the market has assigned a substantial probability of a rate hike by the end of next year.
Food For Thought: Amazon’s cloud business:
Edited by Daniel Moskovits
Contact the Daily Shot Editor: Editor@DailyShotLetter.com
