Administrative Update: Please note that The Daily Shot will not be published this Friday, April 2nd.
United States: The updated U. Michigan consumer sentiment index improved further in the second half of the month.
Eurozone: Investors have soured on the euro.
Cryptocurrency: Bitcoin funds continue to see outflows.
Technicals suggest that bitcoin and ethereum are overbought, with support around $40K and $1,300, respectively (2 charts).
Equities: The forced position unwind at Archegos Capital resulted in a massive selloff in some stocks.
Global Developments: What happened to asset prices during the 1970s when inflation spiked?
Food For Thought: Vaccine attitudes:
Edited by Devon Lall
Contact the Daily Shot Editor: Editor@DailyShotLetter.com