The Daily Shot® Brief

Greetings,

 

The United States: Like the University of Michigan’s report, the Conference Board’s indicator revealed a decline in consumer sentiment this month, with a notable weakness in the expectations measure.

The United Kingdom: Will consumer spending stagnate next year?

China: Here is a look at China’s top 25 real estate companies.

Cryptocurrency: This map shows the status of central bank digital currency (CBDC) research and pilot projects.

Commodities: US feeder cattle futures took a hit on Tuesday (stopping at the 50-day moving average) after the USDA reported limited cash sales.

Food for Thought: The web browser market:

Edited by Josh Oldmixon

Contact the Daily Shot Editor: Brief@DailyShotResearch.com

Subscribe to the Daily ShotAverage hourly wages for US teens: Brief

Greetings,

 

The United States: US industrial activity is stabilizing along with China’s credit impulse.

The Eurozone: PMI indicators point to downside risks for economic growth.

Equities: Tighter liquidity conditions (due to the Fed’s QT) could weigh on stocks.

Year-to-date, the top seven stocks have accounted for the majority of the returns in the S&P 500.

Commodities: Uranium prices are surging, boosting share prices of uranium producers.

Asia-Pacific: Singapore’s inflation continues to ease.

Food for Thought: Nursing homes are disappearing:

Edited by William Villacis

Contact the Daily Shot Editor: Brief@DailyShotResearch.com

Subscribe to the Daily ShotAverage hourly wages for US teens: Brief

Greetings,

 

The United States: US financial conditions have been tightening, driven by a stronger US dollar, higher yields, wider credit spreads, and a pullback in stocks.

Equities: Retail investors are not as keen on buying the dip in the current selloff.

Credit: Which sectors have the highest share of 2024 and 2025 bond maturities?

Europe: Switzerland and the UK, which held rates unchanged, saw their currencies underperform last week.

China: According to the World Economics SMI report, inflation has returned to China’s services sector.

Emerging Markets: Real rate differentials are less supportive of EM carry trades.

Food for Thought: US automakers’ market capitalization per employee:

Edited by William Villacis

Contact the Daily Shot Editor: Brief@DailyShotResearch.com

Subscribe to the Daily ShotAverage hourly wages for US teens: Brief

Greetings,

 

The United States: The Conference Board’s US Leading Index has seen a 17-month consecutive decline, …

… a pattern not observed since the Global Financial Crisis.

The United Kingdom: The BoE left rates unchanged (MPC voted 5-4 in favor of holding) after core inflation registered a monthly decline in August.

Japan: The BoJ left policy unchanged, …

… putting pressure on the yen.

Commodities: Gold continues to consolidate.

Equities: It’s been a rough couple of days for stocks after the Fed’s “higher for longer” warning.

Food for Thought: US metro areas by population:

Edited by Josh Oldmixon

Contact the Daily Shot Editor: Brief@DailyShotResearch.com

Subscribe to the Daily ShotAverage hourly wages for US teens: Brief

Greetings,

 

The United States: According to Oxford Economics, the maximum impact of the Fed’s tightening will be felt over the next couple of quarters. We may see a modest recession.

However, markets have been pricing in economic strength. Are investors in for a disappointment?

Global Developments: Recessions have generally been rarer through time, especially since 1982.

Equities: How did different equity factors react to the Fed’s hawkish message of “higher for longer”?

Energy: Energy shares (XLE) have been underperforming oil prices (USO).

Europe: Germany’s producer prices saw the biggest yearly decline on record in August.

Food for Thought: Here are the highest and lowest men-to-women ratios:

Edited by William Villacis

Contact the Daily Shot Editor: Brief@DailyShotResearch.com

Subscribe to the Daily ShotAverage hourly wages for US teens: Brief

Greetings,

 

The United States: Shipping rates appear to be stabilizing as the freight recession eases.

The United Kingdom: This chart shows the lengths of economic expansions.

Europe: Norway’s inflation forecasts were also revised higher.

Energy: WTI crude oil is trading above Deutsche Bank’s fair value estimate based on the dollar and global growth.

Equities: As the Fed pauses rate hikes, the stock market performance will depend on whether the US enters a recession.

Rates: Unlike state and local governments, the US Treasury did not term out more of its debt, which is resulting in sharply higher interest expenses.

Food for Thought: Assets by generation:

Edited by Josh Oldmixon

Contact the Daily Shot Editor: Brief@DailyShotResearch.com

Subscribe to the Daily ShotAverage hourly wages for US teens: Brief

Greetings,

 

The United States: Increased talk of a “soft landing” tends to precede a recession.

Homebuilder sentiment unexpectedly dipped this month as elevated mortgage rates and reduced affordability erode demand.

Rates: Historically, the timing of the last rate hike coincided with a cycle peak in the 10-year Treasury yield.

Energy: The recent crude rally has been driven mostly by higher demand.

Global Developments: Speculative accounts have covered their bets against the dollar.

Canada: Industrial producer prices jumped last month.

Commodities: Sugar futures hit a multi-year high amid export restrictions in Asia and concerns about the sugar cane harvest in Brazil.

Food for Thought: Here is reliance on key minerals in vehicle production:

Edited by William Villacis

Contact the Daily Shot Editor: Brief@DailyShotResearch.com

Subscribe to the Daily ShotAverage hourly wages for US teens: Brief

Greetings,

 

The United States: Import prices were unchanged in August.

The United Kingdom: The housing market continues to struggle (2 charts).

China: The Shanghai Shenzhen CSI 300 Index has been testing support.

Commodities: Gold implied vol hit the lowest level since 2019.

Equities: On average, more NYSE stocks are making new one-year price lows.

Credit: Much higher interest costs are ahead for many firms.

Food for Thought: US leading causes of death:

Edited by Josh Oldmixon

Contact the Daily Shot Editor: Brief@DailyShotResearch.com

Subscribe to the Daily ShotAverage hourly wages for US teens: Brief

Greetings,

 

The United States: Core producer prices were closer to expectations.

Europe: At what age do young people leave their parental home?

Emerging Markets: Indonesia’s exports are holding up.

Commodities: Chicago cattle futures hit a record high.

Equities: US households’ overweight equities exposure doesn’t bode well for longer-term returns.

Rates: Treasury market implied vol continues to sink.

Food for Thought: Preferred alcoholic beverages:

Edited by Josh Oldmixon

Contact the Daily Shot Editor: Brief@DailyShotResearch.com

Subscribe to the Daily ShotAverage hourly wages for US teens: Brief

Greetings,

 

The Eurozone: Money supply continues to contract, driven by weak bank credit and a shift to long-term liabilities. What does that mean for euro-area stocks?

Japan: Japanese investors bought a lot of foreign bonds last week.

The United States: Even with the core CPI coming in above expectations, the market’s response to the inflation report remained subdued. The Fed is expected to keep the target rate unchanged this month, with about a 40% chance of a hike in November.

Energy:  Crude oil prices continue to surge on expectations of tight supplies.

European natural gas prices rose 10% on Wednesday.

Equities: Will we see a jump in VIX as the economy slows?

Emerging Markets: Argentina’s central bank held rates steady despite hyperinflation.

Food for Thought: Instacart’s IPO pricing is well below peak valuations.

Edited by William Villacis

Contact the Daily Shot Editor: Brief@DailyShotResearch.com

Subscribe to the Daily ShotAverage hourly wages for US teens: Brief