Administrative Update: As a reminder, The Daily Shot Brief will not be published on November 24th, 25th, and 26th.
United States: The stock market initially cheered Jerome Powell’s reappointment. But then the realization set in that the Fed is now on course to accelerate monetary tightening.
Eurozone: On the surface, issuance pressure is decreasing next year, but if lower ECB purchases are included, net issuance will actually increase, pushing yields higher.
Emerging Markets: Worries about Russia invading Ukraine persist.
Commodities: This chart shows the decomposition of silver demand.
Energy: Americans increasingly support nuclear energy.
Food for Thought: US consumer spending in November:
Edited by Devon Lall
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