United States: Supply bottlenecks are disappearing, which means suppliers will have a tough time raising or even maintaining prices.
Europe: The divergence between business and consumer confidence in the Czech Republic has reached extreme levels.
Japan: Japan’s service firms face severe cost pressures and are starting to pass those on to the customers.
Emerging Markets: The Turkish lira fell further, breaking through 16 to the dollar.
Equities: Earnings downgrades continue to outpace upgrades.
Also, US companies with high free cash flow yields have massively outperformed this year.
Food for Thought: Lastly, let’s take a look at the democracy index.
Edited by Alexander Bowers
Contact the Daily Shot Editor: Brief@DailyShotResearch.com