Greetings,
The United States: The month-to-date decline has been the biggest since the early 1980s.
Tightening financial conditions over the past few days are equivalent to a significant rate hike.
The United Kingdom: Inflation expectations are easing.
Energy: Oil demand is highly correlated to GDP growth.
Equities: Stock futures in the US and Europe are under pressure after the Credit Suisse deal.
Global Developments: Economies with the most overvalued asset prices and those that rely relatively more on bank financing would likely suffer the greatest GDP decline during a major repricing of risk, according to Oxford Economics.
Food for Thought: EV and battery investments:
Edited by Josh Oldmixon
Contact the Daily Shot Editor: Brief@DailyShotResearch.com
