Greetings,
The United Kingdom: The BoE terminal rate (maximum expected rate in this cycle) surged after the budget announcement.
Energy: The gas pipeline sabotage sent European gas prices higher. Presumably, the goal of this sabotage was to deprive Europe of natural gas flows before the winter heating season begins so gas rationing could swing Europe’s public opinion against Western support for Ukraine.
The United States: The Richmond Fed’s manufacturing report showed order backlog continuing to fall.
Europe: Swedish consumer confidence has collapsed to a multi-year low.
Equities: Will the S&P 500 hold support above its 200-week moving average? Unlike the July rally, the recent decline did not register an oversold reading on the weekly chart.
Cryptocurrency: Bitcoin’s intraday volatility during last week’s FOMC meeting hit record highs.
Credit: Have we seen capitulation in investment-grade credit?
Food for Thought: Lastly, here is the impact of state and local taxes:
Edited by William Villacis
Contact the Daily Shot Editor: Brief@DailyShotResearch.com
