Greetings,
The United States: The November Beige Book report from the Federal Reserve showed that inflation concerns continue to moderate.
Equities: Hedge funds have tilted their exposure toward momentum stocks.
The Eurozone: With inflation falling, the market is pricing in faster ECB rate cuts (2 charts).
Commodities: Dry bulk shipping costs (for cargo such as iron ore) have been surging due to the Panama Canal delays. The bottleneck is most acute for capesize vessels.
Global Developments: Global bond markets are having a good month.
Japan: Retail sales declined sharply.
Food for Thought: Traffic fatalities during holidays:
Edited by William Villacis
Contact the Daily Shot Editor: Brief@DailyShotResearch.com
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