United States: The CPI report surprised to the downside, with inflation easing in pandemic-sensitive sectors.
Treasury yields retreated in response to the CPI miss.
Eurozone: Eurozone inflation, when broken into constituents, is largely due to higher commodity costs and supply chain issues.
Commodities: Bloomberg’s broad commodity index is hitting multi-year highs, boosted by gains in energy.
Equities: Fund managers’ views on the economy have diverged from their stock allocations.
Credit: CLO activity remains robust, …
… as managers rush to close deals before the transition from LIBOR.
Food for Thought: A minute on the internet:
Edited by Daniel Moskovits
Contact the Daily Shot Editor: Editor@DailyShotLetter.com