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The United States: The market has repriced the expected longer-term fed funds rate trajectory in recent weeks.
The restriction of oil supply is viewed as the largest upside risk to headline inflation.
Energy: Crude oil backwardation is deepening amidst supply concerns (2 charts).
Equities: Equity analysts are assuming a rebound in business activity ahead. However, surging bond yields (driving up mortgage rates), the resumption of student loan payments, and the looming government shutdown will be a headwind for the US economy.
Commodities: Gold is finally succumbing to surging real rates.
The Eurozone: The contraction in the money supply has accelerated.
Food for Thought: Oil consumption adjusted for GDP:
Edited by William Villacis
Contact the Daily Shot Editor: Brief@DailyShotResearch.com
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