The Daily Shot Brief – November 22nd, 2022

From our sponsor:   Greetings,   The United States: These charts show CPI components by inflation rate for the US and the Eurozone. Is there more disinflation ahead for the US?   Europe: European assets bounced relative to the US, partly because of the weaker dollar.   Global Developments: Fund managers increasingly view the US dollar …

The Daily Shot Brief – November 21st, 2022

From our sponsor:   Greetings,   The United States: Existing home sales were down almost 30% last month on a year-over-year basis. More homeowners will be renting rather than selling their houses as homebuyer demand crashes.   Emerging Markets: It’s been a lost decade for Brazil.   Cryptocurrencies: Crypto remains under pressure. Coinbase’s debt price …

The Daily Shot Brief – November 18th, 2022

From our sponsor:   Greetings,   The United States: US private investment is expected to tumble next year, driven mostly by stalling residential construction. Much of the Treasury curve is now inverted.   China: The housing surplus is massive.   Emerging Markets: Bond fund outflows have been most severe in local-currency debt.   Energy: Russian oil output …

The Daily Shot Brief – November 17th, 2022

From our sponsor:   Greetings,   The United States: Despite strong retail sales in October, real holiday spending is expected to be down this year for the first time since the GFC.   Industrial production edged lower last month, driven by utilities (warmer than usual weather) and softer oil production.   The United Kingdom: The headline …

The Daily Shot Brief – November 15th, 2022

From our sponsor:   Greetings,   The United States: To begin, freight rate inflation continues to ease as demand softens.   The U. Michigan consumer survey report shows that selling conditions for homes continue to decline.   Equities: Many analysts expect an earnings recession ahead.   Which sectors are most vulnerable to earnings revisions?   China: …

The Daily Shot Brief – November 14th, 2022

From our sponsor:   Greetings,   The United States: Households see a deterioration in their balance sheets. Retailers’ pricing power continues to weaken as inventories climb.   Europe: European shares are in overbought territory.   China: Beijing wants the banking system to support property developers.   Emerging Markets: It was a challenging week for Brazilian …