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The United States: The fed funds rate terminal rate is now expected to peak above 5% in May.

The October gains in the ADP private payrolls report topped forecasts.

Equities: The market reaction to Chair Powell’s press conference was severe. It was not the “pivot” markets wanted to see.

Materials, financials, and consumer discretionary sectors have seen the largest downward revisions to earnings estimates, while the communication services sector has seen the largest increase.

The Eurozone: The final manufacturing PMI report for the Eurozone was worse than the October flash figures.

China: Local currency bank loans had their largest reading in September in about 30 years. Some banks are inflating loan volumes to meet government targets amid weak credit demand, according to PGM Global.

Cryptocurrency: 47% of the top 50 altcoins have outperformed bitcoin over the past month, indicating a neutral stance among crypto traders.

Food for Thought: To conclude, here is a diagram of micromobility investments:

Edited by William Villacis

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