The Daily Shot Brief – September 17th, 2021

Greetings,   United States: The Treasury curve has been flattening at the longer end, which may signify falling inflation expectations Fund managers increasingly see inflation as transitory.   Eurozone: The Eurozone’s industrial production has been lagging the rest of the EU.   Emerging Markets: Emerging markets are seeing a broad-based slowdown in manufacturing growth.   …

The Daily Shot Brief – September 16th, 2021

Greetings,   China: The number of regulatory actions coming out of Beijing has been climbing. China’s capital markets will be scarred by these actions for years to come, with substantial valuation discounts becoming a permanent feature.   Eurozone: Material/equipment shortages are most acute in Germany.   Here is the breakdown by sector (for the EU). …

The Daily Shot Brief – September 14th, 2021

Greetings,   United States:  The CPI report surprised to the downside, with inflation easing in pandemic-sensitive sectors. Treasury yields retreated in response to the CPI miss.   Eurozone: Eurozone inflation, when broken into constituents, is largely due to higher commodity costs and supply chain issues.   Commodities: Bloomberg’s broad commodity index is hitting multi-year highs, boosted …

The Daily Shot Brief – September 14th, 2021

Greetings,   United States: There are signs of moderation in the US housing market.   Europe: European total factor productivity has lagged the US for nearly two decades.   Emerging Markets: Argentina’s markets cheered the ruling coalition’s election loss.   Cryptocurrency: Crypto markets were whipsawed on fake news on Monday.   Rates: There have been …

The Daily Shot Brief – September 10th, 2021

Greetings,   United States: Here is the aggregate number of waiting container ships at the three largest US ports.   Eurozone: The media coverage of the ECB’s modest (and expected) reduction in securities purchases has been entertaining.   The ECB boosted its inflation forecasts.   China: Pig herds have been recovering, causing food deflation and …

The Daily Shot Brief – September 9th, 2021

Greetings,   United States: In another sign of tightening labor market conditions, job openings hit a record high in July.   United Kingdom: Tax hikes are coming as the UK debt-to-GDP ratio breaks above 100%.   China: Inflation ticked lower in August.   Cryptocurrency: Cryptocurrencies are stabilizing from the Tuesday sell-off, although performance over the …