Greetings,
The United States: Initial jobless claims are back at multi-year lows, pointing to persistent strength in the labor market.
Also, the market expects a sharp decline in inflation over the next couple of years.
The United Kingdom: The UK’s political turmoil continues.
Emerging Markets: Argentina’s COVID-era economic recovery has been relatively strong.
Equities: The Philly Fed’s manufacturing index points to a crash in corporate earnings.
SNAP was down 27% after the close as advertisers pull back, which could impact the whole sector.
Rates: There will be no cash remittances from the Fed to the US Treasury for a while.
The dollar has surged to its strongest level in about a decade, partly due to the Fed’s aggressive rate hikes.
Food for Thought: Here’s a look at betting markets’ probability of which party will control the US Senate.
Edited by Alexander Bowers
Contact the Daily Shot Editor: Brief@DailyShotResearch.com
