As a reminder, The Daily Shot Brief will not be published from May 27th to May 31st.
United States: The consensus inflation projections have barely moved for 2022 CPI compared with the surge in 2021 forecasts. The Fed refers to this trend as “anchored” longer-term inflation expectations.
Low-income employment recovery has a long way to go (which is why the Fed remains dovish).
United Kingdom: We have some data on changes in shopping habits.
Eurozone: Le Pen is polling well – a potential issue for France and the Eurozone.
Emerging Markets: Most EM countries are within or below target inflation levels.
Inflation cycles have been more synchronized in recent years.
Equities: An increase in hedge fund ownership of a stock can signal stronger performance ahead.
Food For Thought: The supply chain for a smartphone processor:
Edited by Devon Lall
Contact the Daily Shot Editor: Editor@DailyShotLetter.com