Greetings,
The United States: The November Beige Book report from the Federal Reserve showed that inflation concerns continue to moderate.
![](https://thedailyshot.com/wp-content/uploads/US-Beige22311300446.png)
![](https://thedailyshot.com/wp-content/uploads/US-Beige-ST2311300446.png)
Equities: Hedge funds have tilted their exposure toward momentum stocks.
![](https://thedailyshot.com/wp-content/uploads/EQ-Hedge-funds-have-been-tilting-their-exposure-toward-momentum-stocks2311300446.png)
The Eurozone: With inflation falling, the market is pricing in faster ECB rate cuts (2 charts).
![](https://thedailyshot.com/wp-content/uploads/EZ-WIRP2311300446.png)
![](https://thedailyshot.com/wp-content/uploads/EZ-GE-CPI-Curve2311300446.png)
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.
![](https://thedailyshot.com/wp-content/uploads/COO-Baltic-Dry2311300446.png)
![](https://thedailyshot.com/wp-content/uploads/COO-Baltic-Dry22311300446.png)
![](https://thedailyshot.com/wp-content/uploads/COO-Baltic-ST2311300446.png)
Global Developments: Global bond markets are having a good month.
![](https://thedailyshot.com/wp-content/uploads/GL-Global-bonds-are-having-a-good-month2311300446.png)
Japan: Retail sales declined sharply.
![](https://thedailyshot.com/wp-content/uploads/JP-Ret-Sales2311300446.png)
Food for Thought: Traffic fatalities during holidays:
![](https://thedailyshot.com/wp-content/uploads/VTH-AAA-Traffic-fatalities-during-holidays2311300446.png)
Edited by William Villacis
Contact the Daily Shot Editor: Brief@DailyShotResearch.com
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