Greetings,
The United States: It appears that core inflation is settling around 3%, which is a concern for the Fed.
Equities: The earnings revision breadth has worsened for both large and small caps.
Small caps continue to widen their underperformance.
Rates: US reserve balances have been rising as the Fed’s RRP facility balances dip below $1 trillion.
The Eurozone: The rotation into longer-dated (higher-yielding) deposits has been reducing the money supply.
China: The decline in shadow bank financing could weigh on infrastructure investment despite recent stabilization.
Cryptocurrency: The Crypto Fear & Greed Index remains in “greed” territory after spending most of the past two months in the “fear” zone.
Food for Thought: K-12 school shootings:
Edited by William Villacis
Contact the Daily Shot Editor: Brief@DailyShotResearch.com
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