Greetings,
The United States: Oil and gas unemployment is near record lows.
Also, prime-age labor force participation declined again, keeping the labor market tight.
The Eurozone: The euro surged vs. the dollar on Friday, driven by the US dollar’s weakness.
China: The reopening-driven equity rebound continues.
But Beijing doesn’t seem to be revising its policy right now.
Commodities: Cotton surged last week amid hopes for stronger demand from China.
Equities: Despite the rebound on Friday, the Nasdaq 100 was still down 6% last week.
Elevated real yields point to further declines in valuations.
Global Developments: Capital markets activity slowed in October.
Food for Thought: Lastly, retirement accounts are under pressure.
Edited by Alexander Bowers
Contact the Daily Shot Editor: Brief@DailyShotResearch.com
