Greetings,
The United States: To begin, the Atlanta Fed’s wage growth tracker appears to have peaked.
Consumer savings remain elevated, which should provide a cushion as the economy slows.
The United Kingdom: The UK government is walking back most of the tax cuts.
Energy: The COVID-era rebound in US oil production has been slower than expected.
Equities: Fund managers’ extreme bearishness has not yet translated into outflow capitulation.
China: The 2022 deposit surge in China should support consumption next year, which thus far has lagged amidst lockdown uncertainty.
Emerging Markets: Indian equities appear overbought relative to broader EM, in dollar terms.
Food for Thought: To conclude, here is the amount of new leases signed for office space in the US:
Edited by William Villacis
Contact the Daily Shot Editor: Brief@DailyShotResearch.com
