Administrative Update: The Daily Shot Brief will not be published on November 24th, 25th, and 26th.
United States: The U. Michigan consumer sentiment index deteriorated further, driven by inflation concerns.
One should be cautious with these results because the U. Michigan survey has diverged sharply from the Conference Board’s indicator.
Eurozone: Germany’s COVID cases continue to surge.
And wholesale price inflation exceeded 15%.
Cryptocurrency: Litecoin (LTC) continued to outperform major cryptocurrencies over the past week, while bitcoin (BTC) and ether (ETH) lagged.
Energy: US refined product exports accelerated this month.
Equities: Hedge funds have moved into financials and further out of tech/communication stocks amid a flatter yield curve.
Food for Thought: Paid leave globally:
Edited by Daniel Moskovits
Contact the Daily Shot Editor: Editor@DailyShotLetter.com