Greetings, Administrative Update 1. Please note that The Daily Shot will not be published on Friday, September 3rd and Monday, September 6th. 2. If you post our charts on social media, we ask that you please credit “The Daily Shot” (@SoberLook or @TheDailyShot on Twitter). United States: Price pressures persist, with companies passing on some of …
The Daily Shot Brief – August 24th, 2021
Greetings, Administrative Update 1. Please note that The Daily Shot will not be published on Friday, September 3rd and Monday, September 6th. 2. If you post our charts on social media, we ask that you please credit “The Daily Shot” (@SoberLook or @TheDailyShot on Twitter). United States: The Markit PMI report showed some pullback in …
The Daily Shot Brief – August 20th, 2021
Greetings, Administrative Update 1. Please note that The Daily Shot will not be published on Friday, September 3rd and Monday, September 6th. 2. If you post our charts on social media, we ask that you please credit “The Daily Shot” (@SoberLook or @TheDailyShot on Twitter). United States: Robert Kaplan, one of the more hawkish Fed …
The Daily Shot Brief – August 20th, 2021
Greetings, United States: Initial jobless claims (excluding emergency programs) keep decreasing. Continuing claims were also lower. If the trend keeps up, it will give the FOMC hawks further ammunition to argue for taper. China: Stocks are down again today, with the CSI 300 index at the lowest level since last November. Shares are …
The Daily Shot Brief – August 19th, 2021
Greetings, United States: When will the Fed announce taper? Here is BofA’s survey of fund managers. The stock market sold off in response to the Fed minutes. China: The momentum factor has outperformed over the past decade, especially relative to the US. Cryptocurrency: The market dominance of bitcoin, or the largest cryptocurrency’s value as a …
The Daily Shot Brief – August 18th, 2021
Greetings, United States: The Treasury market has been pricing in the debt ceiling risk. A technical default could occur in about three months when the US Treasury exhausts its sources of liquidity. Investors demand higher yields on T-bills maturing after that point. Cryptocurrency: Bitcoin miners are experiencing greater revenue as blockchain’s hashrate recovers …
The Daily Shot Brief – August 17th, 2021
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 …
