Greetings,
United States: Consumer credit surged in March, as Americans credit card usage has accelerated.
As a result, real disposable income is taking a toll.
Europe: Germany’s trade deficit with Russia hit a new record.
2022 earnings estimates for European companies are outpacing other markets.
Emerging Markets: The Indian rupee hit a record low amid equity outflows and the US dollar’s relative strength.
Commodities: The price of copper is correlated with the US 10-year breakeven rate, which represents inflation expectations.
Equities: After another selloff on Friday, stocks were down again this morning.
Food for Thought: Lastly, let’s take a look at the companies with the highest number of new patents.
Edited by Alexander Bowers
Contact the Daily Shot Editor: Brief@DailyShotResearch.com
