Greetings,
China: President Xi Jinping has secured a third term with an inner circle of allies.
The markets are nervous about his new grip on power.
Stocks are down sharply.
Japan: Japan intervened in the currency markets again after dollar-yen crossed 150.
The United Kingdom: Rishi Sunak is likely the next PM. Gilts surged on the news.
Rates: Fed officials are starting to discuss slowing their rate hikes. Yields declined, and the Treasury curve steepened in response.
Equities: Stocks have been highly anti-correlated to the US dollar recently.
The Reddit crowd isn’t jumping into this market bounce.
Food for Thought: Here’s a look at Xi Jinping’s rise to power.
Edited by Alexander Bowers
Contact the Daily Shot Editor: Brief@DailyShotResearch.com
