Greetings,
The United States: The 2-year Treasury yield fell below 4.5% following Chair Powell’s hinting that the Federal Reserve is increasingly confident in the deceleration of inflation trends.
China: Rail travel picked up relative to prior years during the recent holiday season.
Cryptocurrency: Trading volumes in bitcoin and meme tokens surged last week. (2 charts)
Energy: US LNG export capacity is expected to nearly double over the next few years.
Equities: The S&P 500 12-month forward P/E ratio is back above 21x.
Rates: Tighter liquidity will boost short-term rate volatility
Food for Thought: UFO hotspots:
Edited by Josh Oldmixon
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