Greetings,
The United States: The ISM Services PMI returned to growth in July.
Japan: Japan’s real earnings growth was finally positive in June, topping expectations.
Commodities: The recent rally in copper prices has diverged from the ISM Manufacturing PMI.
China: China’s oil demand has been soft, pressuring global prices.
Equities: How does the S&P 500 perform after 5% pullbacks?
Credit: Spreads have widened sharply.
Food for Thought: Historical share of US tariff revenue in total federal receipts from 1798 to 2023:
Edited by William Villacis
Contact the Daily Shot Editor: Brief@DailyShotResearch.com
Subscribe to the Daily Shot Brief
If you would like to subscribe to the full-length Daily Shot (see example), please register here.
