Energy: US frac spread count picked up momentum as prices surge.
Equities: Rate-sensitive stocks such as utilities and REITs sold off.
Commodities: Commodity ETFs are seeing outflows after months of massive inflows.
Cryptocurrency: Some traders have piled into DeFi tokens in the wake of China’s crypto ban.
By the way, Uniswap is being investigated by the SEC. DeFi is not spared from regulatory crackdowns.
China: Credit risks in the property market are not limited to Evergrande.
The nation’s property market is massive.
Food for Thought: The number of global disasters, disaster-related deaths, and related economic loss:
Edited by Devon Lall
Contact the Daily Shot Editor: Editor@DailyShotLetter.com