Greetings,
The United States: The US dollar continues to surge.
Gasoline futures point to lower prices at the pump.
China: The PBoC is getting increasingly aggressive in its efforts to stabilize the renminbi. The spread between the latest exchange rate fix and market expectations hit a new high.
Stock continue to decline in Hong Kong. Tech shares are underperforming.
Emerging Markets: Chile’s central bank unexpectedly hiked rates by 100 bps.
Equities: Institutional demand for put options has been surging.
Companies with large international sales exposure have been underperforming as the US dollar surges.
Rates: Market expectations for the neutral rate have been rising.
Food for Thought: Lastly, let’s take a look at household debt changes since 2008.
Edited by Alexander Bowers
Contact the Daily Shot Editor: Brief@DailyShotResearch.com
