Author: The Daily Shot Editor

Greetings,

 

The United States: One driver of the services PPI gains was a sharp increase in portfolio management fees. Stock market gains boosted the dollar amount charged for asset management.

Despite higher gasoline prices, consumer inflation expectations eased this month.

Equities: BofA’s private clients have been dumping growth stocks.

Rates: TIPS flows are rebounding.

The United Kingdom: The GDP report surprised to the upside with robust gains in June.

China: Loan growth hit a multi-year low. Here are year-over-year changes.

Emerging Markets: Turkey’s current account swung into surplus in June.

Food for Thought: Opening weekends for films and box-office revenue:

Edited by William Villacis

Contact the Daily Shot Editor: Brief@DailyShotResearch.com

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Greetings,

 

The United States: The market is increasingly convinced that the Fed will be on hold in September.

China: The stock market retreated on concerns about property developers.

Emerging Markets: Turkey’s manufacturing output has been surging this year.

Equities: Speculative stocks are under pressure.

Emerging Markets: Egypt’s inflation continues to climb.

Commodities: This chart shows LNG import capacity additions globally.

Food for Thought: Change in homicides from last year:

Edited by Josh Oldmixon

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Greetings,

 

The United States: Mortgage applications continue to weaken as mortgage rates climb.

Equities: Institutional outflows from equities slowed last month.

Alternatives:  US private equity funds continue to mark down the value of their portfolios, which began around the second half of 2022. According to PitchBook, fewer exit opportunities mean fewer chances to mark up portfolios through realized returns.

China: Property developers are experiencing widening cash shortfall.

Emerging Markets: LatAm countries have the highest policy rates across EM and the most scope for rate cuts.

Commodities: Rice futures in Asia surged this week.

Food for Thought: How old should the US president be?

Edited by William Villacis

Contact the Daily Shot Editor: Brief@DailyShotResearch.com

Subscribe to the Daily ShotAverage hourly wages for US teens: Brief

Greetings,

 

The United States: The NFIB small business sentiment index climbed again last month, boosted in part by the stock market strength.

Equities: The US stock/bond correlation flipped positive following the BoJ’s surprise yield curve control adjustment.

China: The PPI edged higher but remains negative on a year-over-year basis.

Cryptocurrency: Bitcoin remains in a historically low volatility regime. (2 charts)

Commodities: The BRICS central banks continue to amass gold.

Energy: Russian oil exports are retreating.

Food for Thought: Billionaires with more than $100 billion of net worth:

Edited by Josh Oldmixon

Contact the Daily Shot Editor: Brief@DailyShotResearch.com

Subscribe to the Daily ShotAverage hourly wages for US teens: Brief

Greetings,

 

The United States: Tighter lending conditions point to a downturn in consumer credit ahead.

Equities: Here is a look at the S&P 500 Q2 year-over-year earnings growth by sector.

Rates: Speculators are positioned for a deeper curve inversion.

China: Exports surprised to the downside, declining 14.5% from last year.

Emerging Markets: Chile’s exports dipped below 2021 levels last month.

Commodities: US grains’ second attempt to rally has been thwarted.

Food for Thought: Here is insight into the Midwest drought:

Edited by William Villacis

Contact the Daily Shot Editor: Brief@DailyShotResearch.com

Subscribe to the Daily ShotAverage hourly wages for US teens: Brief

Greetings,

 

The United States: The unemployment rate declined, suggesting that the labor market remains tight.

The United Kingdom: Government debt service costs are elevated.

China: It takes an increasingly larger investment to achieve the same level of output.

Cryptocurrency: Crypto exchanges experienced a drop in trading volume this year, especially Bittrex and Binance.

Energy: US rig count continues to trend lower.

Equities: Hedge funds boosted their bets against Nasdaq futures last week.

Food for Thought: SpaceX valuation:

Edited by Josh Oldmixon

Contact the Daily Shot Editor: Brief@DailyShotResearch.com

Subscribe to the Daily ShotAverage hourly wages for US teens: Brief

Greetings,

 

The United States: According to the ISM PMI report, service sector growth slowed in July.

Europe: Swiss core inflation eased again in July.

Emerging Markets: The trade balance in South Africa unexpectedly swung into deficit in June.

Commodities: US pork belly prices are surging.

Equities: Retail investors remain bullish.

Credit: US bankruptcy filings remain elevated.

Food for Thought: The racial breakdown of college attendance by admission rate for 2021:

Edited by Josh Oldmixon

Contact the Daily Shot Editor: Brief@DailyShotResearch.com

Subscribe to the Daily ShotAverage hourly wages for US teens: Brief

Greetings,

 

The United States: Historically, when inflation crosses 8%, it takes years, not months, before it falls back below 2%.

Rental vacancies are up this year, but homeowner vacancies hit a record low. The homeowner vacancy rate is defined as a proportion of homes that are for sale and vacant as a percentage of the total homeowner inventory.

The Eurozone: This chart shows the drivers of collapsing business loan demand.

Equities: The stock-bond correlation surged in recent weeks.

Commodities: Wheat prices tumbled despite another Russian attack on Ukrainian grain infrastructure.

Energy: US oil inventories plummeted last week.

Food for Thought: Interest in voting for a “Unity Ticket”:

Edited by William Villacis

Contact the Daily Shot Editor: Brief@DailyShotResearch.com

Subscribe to the Daily ShotAverage hourly wages for US teens: Brief

Greetings,

 

The United States: Job openings continue to trend lower (slowly).

The Eurozone: Demand for fixed-investment financing has deteriorated.

Emerging Markets: EM inflation has been surprising to the downside …

… and is back to central bank target ranges, which could pave the way for rate cuts.

Commodities: Milk prices are tumbling on weak China demand.

Equities: The market performs well after the Fed’s last rate hike.

Rates: The amount of T-bills outstanding is surging.

Food for Thought: Social media platforms as news sources:

Edited by Josh Oldmixon

Contact the Daily Shot Editor: Brief@DailyShotResearch.com

Subscribe to the Daily ShotAverage hourly wages for US teens: Brief

Greetings,

 

The United States: Freddie Mac’s house price index was up in June on a year-over-year basis. Note that the index didn’t cross the zero mark in this cycle.

Fed rate hikes have yet to kick in. The Fed-sensitive (cyclical) CPI component is still near the highs.

China: The manufacturing PMI from S&P Global showed an unexpected contraction as demand slows.

The Eurozone: The factors propelling the surge in the Euro-area’s Q2 GDP are unlikely to be sustainable. The lion’s share of these gains can be attributed to the notoriously volatile Irish GDP, which is often subject to significant revisions, and the exports of transport equipment in France, predominantly from a single cruise boat.

Equities: Hedge funds’ short-covering this summer hasn’t been this aggressive since 2016.

Credit: TIPS flows finally turned positive last week.

Energy: OPEC’s output declined in July

Food for Thought: Here is the projected US federal deficit and debt:

Edited by William Villacis

Contact the Daily Shot Editor: Brief@DailyShotResearch.com

Subscribe to the Daily ShotAverage hourly wages for US teens: Brief