Greetings,
The United States: The CPI report was highly disappointing, with price gains exceeding estimates
![](https://thedailyshot.com/wp-content/uploads/US-CPI-MoM2209140435.png)
Stocks saw the worst one-day rout since 2020.
![](https://thedailyshot.com/wp-content/uploads/US-CPI-M-EQ2209140435.png)
The Eurozone: The euro dipped back below parity as the USD surged.
![](https://thedailyshot.com/wp-content/uploads/US-CPI-M-DXY-EUR2209140435.png)
Emerging Markets: Asian currencies declined further after the US CPI shock. Here is the Malaysian ringgit.
![](https://thedailyshot.com/wp-content/uploads/EM-Malaysian-ringgit2209140435.png)
EM Equity ETFs also responded poorly to the CPI surprise.
![](https://thedailyshot.com/wp-content/uploads/EM-Day2209140435.png)
Equities: Here is the S&P 500 year-to-date decline compared to annual performance since the 1960s.
![](https://thedailyshot.com/wp-content/uploads/EQ-YTD2209140435.png)
Here’s a look at how different sectors performed on Tuesday.
![](https://thedailyshot.com/wp-content/uploads/EQ-S-Day2209140435.png)
Food for Thought: Lastly, test scores for 9-year-olds have dropped since 2020.
![](https://thedailyshot.com/wp-content/uploads/VTE-Test-scores-for-9-year-olds-2020-v-20222209140435.png)
Edited by Alexander Bowers
Contact the Daily Shot Editor: Brief@DailyShotResearch.com
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