Greetings, United States: The first regional Fed manufacturing survey of the month (from the NY Fed) showed some moderation in factory activity. Asia-Pacific: The South Korean won has been under pressure amid capital outflows. China: For now, there are no signs of an infrastructure boost to reverse the current economic slowdown. …
The Daily Shot Brief – August 16th, 2021
Greetings, United States: The U. Michigan’s consumer sentiment report was a shocker, with the composite index hitting the lowest level in a decade. Increased concerns about the resurgent pandemic and sharp price gains have taken a toll on household confidence. It was the worst negative surprise on record. Eurozone: The French unemployment rate …
The Daily Shot Brief – August 13th, 2021
Greetings, United States: In contrast with the CPI report, producer price data surprised to the upside. The monthly increase in the core PPI hit a multi-year high. United Kingdom: Business investment was weaker than expected. Eurozone: The recovery in consumer confidence points to rising private consumption. China: Despite the recent selloff, the …
The Daily Shot Brief – August 12th, 2021
Greetings, United States: Consumer price gains remained elevated last month, but the pace of growth slowed (roughly in line with expectations). Commodities: US lumber prices continue to sink. Equities: Options volume is still elevated, especially relative to share trading volumes. Rates: The 10-year real Treasury yield is far below the neutral real …
The Daily Shot Brief – August 11th, 2021
Greetings, United States: The Treasury could run short of the liquidity needed to meet all obligations in the first half of October. Asia-Pacific: Here is an overview of the COVID situation in Asia. China: Beijing has been highly supportive of the domestic semiconductor industry. Energy: Forecasters are less upbeat on …
The Daily Shot Brief – August 10th, 2021
Greetings, United States: Job openings hit another record in June, with the May figures revised higher. The demand for labor in the US is unprecedented. United Kingdom: As we saw last week, the BoE boosted its forecast for near-term inflation. The central bank also lowered its projections for unemployment. China: Air travel …
The Daily Shot Brief – August 9th, 2021
Greetings, United States: The July payrolls report topped market expectations, posting another strong month of job gains. Canada: The July employment report was disappointing. Europe: Here is a comparison of digital technologies adoption between the EU and the US. Asia-Pacific: Will the yen get a boost from the Olympics? …
The Daily Shot Brief – August 6th, 2021
Greetings, United States: The delta variant is becoming a drag on spending. Europe: This chart shows the evolution of corporate indebtedness as a percent of GDP. China: China has a commanding position across the global battery supply chain. Alternatives: This chart shows private equity dry powder in Europe. Global …
The Daily Shot Brief – August 5th, 2021
Greetings, United States: The ISM Services PMI index hit a record high last month, pointing to rapid growth in the service sector. Here are the components. China: We have some data on mobile payments in China. Cryptocurrency: It’s the Wild, Wild West in cryptoland, according to Gary Gensler. Credit: Banks …
The Daily Shot Brief – August 4th, 2021
Greetings, United States: Where will we see the highest share of evictions once the moratorium ends? Eurozone: Italian polls suggest that the Brothers of Italy party is rapidly gaining support at the expense of Lega. While both parties are Eurosceptics, Brothers of Italy poses less risk to the EU/EMU than Lega. …
