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The United States: The unemployment rate, as well as underemployment, edged higher in October.
Markets now see very little chance of another Fed rate hike in this cycle.
Asia-Pacific: Asian currencies are surging after last week’s US economic data and the FOMC meeting.
Emerging Markets: There has been a large valuation gap between Indian and Chinese equities since 2021, primarily driven by diverging multiples – the widest on record, according to Alpine Macro.
Credit: Last week was a good one for risk assets, including credit (2 charts).
Rates: The largest T-bill ETF saw large inflows last week.
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Edited by William Villacis
Contact the Daily Shot Editor: Brief@DailyShotResearch.com
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