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May 13, 2021 11:40 am | The Daily Shot Editor

Greetings,

 

United States: The CPI report massively overshot market expectations.

Source: The Daily Shot

While these price gains are substantial, they are not that unusual from a historical perspective. We just haven’t seen such increases in recent years, especially in the core CPI.

Source: @GregDaco

The probability of a rate hike next year rebounded, essentially offsetting last week’s lousy employment report.

Source: The Daily Shot

 

Eurozone: The EC boosted its forecasts for euro-area growth.

Source: Bloomberg Read full article

 

Cryptocurrency: The crypto market has exceeded US currency in circulation.

Source: @WSJ Read full article

 

Equities: Wednesday’s increase in VIX was impressive. This scatterplot shows the daily percent changes in VIX futures vs. the S&P 500 futures.

Source: @TheTerminal, Bloomberg Finance L.P.

The VIX curve inverted.

Source: The Daily Shot

 

Credit: Bets against investment-grade bonds are at multi-year highs.

Source: @markets Read full article

 

Food For Thought: Retail store closures:

Source: Bloomberg Read full article

Edited by Daniel Moskovits

Contact the Daily Shot Editor: Editor@DailyShotLetter.com


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