Greetings, Administrative Update: Please note that The Daily Shot will not be published from Thursday, December 24 through Friday, January 1. However, in keeping with our annual tradition, here is our special edition of Food for Thought. As a reminder, scheduling updates are available online at https://thedailyshot.com/administrative-updates/ Business/Personal Finances: Public construction spending: …
Continue reading “The Daily Shot Brief – December 30th, 2020”
Greetings, Administrative Update: Please note that The Daily Shot will not be published from Thursday, December 24 through Friday, January 1. However, in keeping with our annual tradition, we will send out a special edition of Food for Thought next week. As a reminder, scheduling updates are available online at https://thedailyshot.com/administrative-updates/ United States: …
Continue reading “The Daily Shot Brief – December 23rd, 2020”
Greetings, Administrative Update: Please note that The Daily Shot will not be published from Thursday, December 24 through Friday, January 1. However, in keeping with our annual tradition, we will send out a special edition of Food for Thought next week. As a reminder, scheduling updates are available online at https://thedailyshot.com/administrative-updates/ United States: …
Continue reading “The Daily Shot Brief – December 22nd, 2020”
Greetings, Administrative Update: Please note that The Daily Shot will not be published from Thursday, December 24 through Friday, January 1. However, in keeping with our annual tradition, we will send out a special edition of Food for Thought next week. As a reminder, scheduling updates are available online at https://thedailyshot.com/administrative-updates/ United Kingdom: …
Continue reading “The Daily Shot Brief – December 21st, 2020”
Greetings, China: The nation’s manufacturing surge is fueling industrial commodities markets. Here are iron ore, steel, and copper futures traded in China. Asia-Pacific: Japan is now firmly in deflation. United States: Confidence in the economy has deteriorated. Cryptocurrency: Bitcoin’s surge was stopped at $24k. This chart shows Bitcoin vs. FANG+ stocks. …
Continue reading “The Daily Shot Brief – December 18th, 2020”
Greetings, United States: The Fed provided guidance for its asset purchases on Wednesday, with language suggesting that QE could continue for some time. FOMC: … the Federal Reserve will continue to increase its holdings of Treasury securities by at least $80 billion per month and of agency mortgage-backed securities by at least $40 billion …
Continue reading “The Daily Shot Brief – December 17th, 2020”
Greetings, Administrative Update: If you didn’t receive the Daily Shot Brief yesterday due to the Google outage, you can view it online at https://dailyshotbrief.com/ United States: Households increasingly expect to boost their spending in the next 12 months. Europe: BCA Research expects tighter government bond spreads given additional easing from the ECB. …
Continue reading “The Daily Shot Brief – December 16th, 2020”
Greetings, United States: Home equity withdrawals have increased in recent years. Will rents continue to face downward pressure? Eurozone: The euro is correlated with China’s credit cycle, which points to further upside for the bloc’s currency. China: China’s overseas lending has collapsed. Energy: OPEC cut its oil demand forecast for …
Continue reading “The Daily Shot Brief – December 15th, 2020”
Greetings, United States: The Atlanta Fed’s GDP model forecast for Q4 has increased over the past few weeks and now sits at 11.2% (annualized). Economists increasingly see upside risks to GDP forecasts for the next twelve months. United Kingdom: The pound jumped on renewed hopes for a deal. China: Credit growth is …
Continue reading “The Daily Shot Brief – December 14th, 2020”
Greetings, United Kingdom: The GDP recovery slowed further in October. Below is a comparison to previous downturns. Eurozone: The ECB added €500 billion to its QE program, which was extended for nine months. Why nine? Apparently, it was a compromise between those who wanted six vs. another group who insisted on twelve. …
Continue reading “The Daily Shot Brief – December 11th, 2020”
