Greetings,
Rates: The spread between the 10-year Treasury yield and its 200-day moving average is the most extreme since its cycle peak in 1981.
The Treasury curve continues to flatten.
Equities: According to SentimenTrader, the S&P 500 sector breadth is at the widest spread in about 70 years.
The United States: The tightening in US financial conditions since the September FOMC meeting is equivalent to some 80 basis points worth of Fed rate hikes, according to Goldman.
The Eurozone: Forecasters expect the ECB to keep rates higher for longer.
Commodities: It’s been a great couple of weeks for gold.
China: The Shanghai Shenzhen CSI 300 Index hit its lowest level since 2019.
Food for Thought: Grocery delivery users:
Edited by William Villacis
Contact the Daily Shot Editor: Brief@DailyShotResearch.com
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