Greetings,
The United States: The CPI report was highly disappointing, with price gains exceeding estimates
Stocks saw the worst one-day rout since 2020.
The Eurozone: The euro dipped back below parity as the USD surged.
Emerging Markets: Asian currencies declined further after the US CPI shock. Here is the Malaysian ringgit.
EM Equity ETFs also responded poorly to the CPI surprise.
Equities: Here is the S&P 500 year-to-date decline compared to annual performance since the 1960s.
Here’s a look at how different sectors performed on Tuesday.
Food for Thought: Lastly, test scores for 9-year-olds have dropped since 2020.
Edited by Alexander Bowers
Contact the Daily Shot Editor: Brief@DailyShotResearch.com
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