Greetings, United States: The Services ISM PMI hit another record high pointing to robust service-sector activity in Q4. United Kingdom: The market-based probability of a rate hike this year dropped to 25%. Related to the above, the pound hit the lowest level in a year vs. USD. China: Shares of tech firms …
Continue reading “The Daily Shot Brief – December 6th, 2021”
Greetings, United States: These rapid improvements in the labor market are allowing the Fed to accelerate QE taper. Eurozone: Suppliers to Germany’s automotive industry are gloomy. Asia-Pacific: South Korea’s domestic demand is highly sensitive to policy rate changes. China: Beijing gave leveraged developers some breathing room, but the credit crisis in …
Continue reading “The Daily Shot Brief – December 3rd, 2021”
Greetings, Equities: Funds have been dumping the most expensive tech shares.. Momentum stocks continue to underperform. Rates: Speculative accounts are betting on further flattening in the 10yr – 30yr part of the curve. Cryptocurrency: Open interest in bitcoin’s futures market remains high despite last week’s sell-off. United States: The ADP employment …
Continue reading “The Daily Shot Brief – December 2nd, 2021”
Greetings, United States: Chair Powell struck a more hawkish tone, focusing on inflation risks and surprising the markets. United Kingdom: Consumer activity is already impacted by the omicron news. Europe: Demand for put options jumped in recent days. Implied volatility climbed. China: The Markit report did, however, show moderation in price …
Continue reading “The Daily Shot Brief – December 1st, 2021”
