Greetings,
The United States: First, earnings reports from Walmart and Target spooked investors on Wednesday, fueling fresh concerns about collapsing discretionary spending and impending recession. The stock market plunged.
The Eurozone: Eurozone YoY Core CPI reached 3.5% in April. This comes as the ECB plans to continue QE until July, when the market anticipates a 25bp deposit rate hike.
Equities: In equity markets, the put/call ratio among small traders remains elevated.
How did stocks perform during past recessions?
Rates: Treasury bill demand is showing up in ETF flows.
Cryptocurrency: Bitcoin’s correlation to stocks keeps rising.
Food for Thought: To finish up, let’s look at the potential expansion of NATO’s land border with Russia:
Edited by William Villacis
Contact the Daily Shot Editor: Brief@DailyShotResearch.com
