The United States: To begin, consumer awareness of inflation news is very high, which could keep inflation elevated.
There is a lot of talk about the Fed’s “pivot” (especially after the BoC’s dovish hike).
Equities: Short-term options activity has exploded, boosting gamma spikes and exacerbating market moves.
China: Semiconductors are now China’s largest import.
Credit: The number of stressed credits is expected to increase this quarter.
Energy: US oil inventories increased last week but product inventories remain depressed.
Commodities: Large grain companies have posted better-than-expected profits and raised their financial outlooks for the year.
Food for Thought: To conclude, here’s a look at consumers’ willingness to splurge this holiday season:
Edited by William Villacis
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