The Daily Shot Brief – December 3rd, 2021

Greetings,   United States: These rapid improvements in the labor market are allowing the Fed to accelerate QE taper.   Eurozone: Suppliers to Germany’s automotive industry are gloomy.   Asia-Pacific: South Korea’s domestic demand is highly sensitive to policy rate changes.   China: Beijing gave leveraged developers some breathing room, but the credit crisis in …

The Daily Shot Brief – December 2nd, 2021

Greetings,   Equities: Funds have been dumping the most expensive tech shares.. Momentum stocks continue to underperform.   Rates: Speculative accounts are betting on further flattening in the 10yr – 30yr part of the curve.   Cryptocurrency: Open interest in bitcoin’s futures market remains high despite last week’s sell-off.   United States: The ADP employment …

The Daily Shot Brief – November 29th, 2021

Greetings,   Equities: The news of a COVID variant called omicron spreading in South Africa and elsewhere spooked investors around the world. Reopening stocks tumbled, … … with airlines getting hit particularly hard.   Energy: Crude oil tumbled on Friday, with Brent stopping at the 200-day moving average. Implied vol spiked.   Cryptocurrency: Bitcoin’s correlation …

The Daily Shot Brief – November 23rd, 2021

Greetings,   Administrative Update: As a reminder, The Daily Shot Brief will not be published on November 24th, 25th, and 26th.   United States: The stock market initially cheered Jerome Powell’s reappointment. But then the realization set in that the Fed is now on course to accelerate monetary tightening.   Eurozone: On the surface, issuance pressure …

The Daily Shot Brief – November 18th, 2021

Greetings,   United States: Residential construction activity is moderating, especially in single-family housing. Here are housing starts: And here’s permits:   United Kingdom: Inflation surprised to the upside, adding to the BoE’s concerns about being behind the curve.   Eurozone: The Eurozone-US inflation divergence has been a drag on the euro.   Cryptocurrency: There is …

The Daily Shot Brief – November 17th, 2021

Greetings, Administrative Update: The Daily Shot Brief will not be published on November 24th, 25th, and 26th.   United States: Retail sales were well above expectations in October, with consumers starting their holiday shopping early (apparently unfazed by higher prices).   Eurozone: French fertilizer prices are soaring, which will drive up food inflation.   China: …