The Daily Shot Brief – July 3rd, 2023



The United States: The supercore inflation measure slowed in May but remains elevated on a year-over-year basis.

Source: The Daily Shot
Source: Barron’s  Read full article


Equities: Outside the tech mega-caps, S&P 500 valuations look reasonable.

Source: Yardeni Research


Stocks have diverged from reserve balances (liquidity).

Source: @TheTerminal, Bloomberg Finance L.P.


Global Developments: Here is a look at performance during the first half of 2023, with bonds and stocks improving. However, performance is very narrow over the past 18 months, with some commodities outperforming.

Source: Deutsche Bank Research


Asia-Pacific: Factories in Taiwan are rapidly reducing staff.

Source: The Daily Shot


The United Kingdom: Speculative bets on the pound hit the highest level since 2014.

Source: The Daily Shot


Food for Thought: Here is the estimated prevalence of modern slavery around the world:

Source: @axios Read full article

Edited by William Villacis

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