Greetings,
The United States: Forecasters have increased their projections for the 2024 year-over-year CPI, partly due to rising energy prices.
![](https://thedailyshot.com/wp-content/uploads/US-BBG-CPI2403260544.png)
The markets are also pricing in higher inflation this year. Here is the projection for the May CPI print.
![](https://thedailyshot.com/wp-content/uploads/US-Expected-CPI-MAy2403260544.png)
Europe: Euro area credit demand is expected to turn around.
![](https://thedailyshot.com/wp-content/uploads/EZ-Credit-demand2403260544.png)
Cryptocurrency: Bitcoin futures positioning reveals contrasting strategies between institutional investors, with their longer-term outlooks, and hedge funds.
![](https://thedailyshot.com/wp-content/uploads/BT-Institutions-v-HFs2403260544.png)
Commodities: Cocoa futures keep surging leading to chaotic conditions in the market.
![](https://thedailyshot.com/wp-content/uploads/CO-Cocoa2403260544.png)
![](https://thedailyshot.com/wp-content/uploads/CO-Cocoa-ST2403260544.png)
Equities: US small caps remain more correlated to Treasuries than large caps.
![](https://thedailyshot.com/wp-content/uploads/EQ-Small-caps-more-correl-to-Treas2403260544.png)
Global Developments: Here is a look at how global short-term bond yields respond to data surprises (pre- and post-COVID).
![](https://thedailyshot.com/wp-content/uploads/GL-Here-is-a-look-at-how-short-term-bond-yields-respond-to-data-surprises-post-and-pre-COVID2403260544.png)
Food for Thought: Weather forecast accuracy:
![](https://thedailyshot.com/wp-content/uploads/VTF-Weather-forecast-accuracy2403260544.png)
Edited by William Villacis
Contact the Daily Shot Editor: Brief@DailyShotResearch.com