Greetings, Administrative Update 1. Please note that The Daily Shot will not be published on Friday, September 3rd and Monday, September 6th. 2. All administrative updates are posted online. United States: Savings glut is having a perverse effect. A financial cushion is now the top reason for not searching for a job urgently. …
The Daily Shot Brief – August 30th, 2021
Greetings, Administrative Update 1. Please note that The Daily Shot will not be published on Friday, September 3rd and Monday, September 6th. 2. All administrative updates are posted online. United States: Fed Chair Powell reiterated the central bank’s intention to begin tapering later this year if the economy performs as expected. However, Powell …
The Daily Shot Brief – August 27th, 2021
Greetings, Eurozone: The divergence in loan growth trends between households and businesses keeps widening. China: Middle-class households are burdened by the high cost of living and childcare, which is one reason for recent government reforms. Emerging Markets: Emerging markets continue to see capital outflows. Equities: The sharp decline in US consumer …
The Daily Shot Brief – August 26th, 2021
Greetings, United States: Mortgage applications to buy a home typically decline this time of the year. Instead, we got an increase, with the purchase index now well above 2019 levels. Housing demand remains exceptionally strong. Euorzone: Bund yields jumped on Wednesday. Longer-term inflation expectations are grinding higher. China: Construction activity has been …
The Daily Shot Brief – August 25th, 2021
Greetings, Administrative Update 1. Please note that The Daily Shot will not be published on Friday, September 3rd and Monday, September 6th. 2. If you post our charts on social media, we ask that you please credit “The Daily Shot” (@SoberLook or @TheDailyShot on Twitter). United States: Price pressures persist, with companies passing on some of …
The Daily Shot Brief – August 24th, 2021
Greetings, Administrative Update 1. Please note that The Daily Shot will not be published on Friday, September 3rd and Monday, September 6th. 2. If you post our charts on social media, we ask that you please credit “The Daily Shot” (@SoberLook or @TheDailyShot on Twitter). United States: The Markit PMI report showed some pullback in …
The Daily Shot Brief – August 20th, 2021
Greetings, Administrative Update 1. Please note that The Daily Shot will not be published on Friday, September 3rd and Monday, September 6th. 2. If you post our charts on social media, we ask that you please credit “The Daily Shot” (@SoberLook or @TheDailyShot on Twitter). United States: Robert Kaplan, one of the more hawkish Fed …
The Daily Shot Brief – August 20th, 2021
Greetings, United States: Initial jobless claims (excluding emergency programs) keep decreasing. Continuing claims were also lower. If the trend keeps up, it will give the FOMC hawks further ammunition to argue for taper. China: Stocks are down again today, with the CSI 300 index at the lowest level since last November. Shares are …
The Daily Shot Brief – August 19th, 2021
Greetings, United States: When will the Fed announce taper? Here is BofA’s survey of fund managers. The stock market sold off in response to the Fed minutes. China: The momentum factor has outperformed over the past decade, especially relative to the US. Cryptocurrency: The market dominance of bitcoin, or the largest cryptocurrency’s value as a …
The Daily Shot Brief – August 18th, 2021
Greetings, United States: The Treasury market has been pricing in the debt ceiling risk. A technical default could occur in about three months when the US Treasury exhausts its sources of liquidity. Investors demand higher yields on T-bills maturing after that point. Cryptocurrency: Bitcoin miners are experiencing greater revenue as blockchain’s hashrate recovers …
