The Daily Shot® Brief

Greetings,

 

The United States: Consumers view the current buying climate for houses as the worst in recent history.

More Americans are reporting challenges in obtaining credit.

Equities:  The last correction wasn’t unusual.

China: The renminbi is rebounding.

Emerging Markets: Risk appetite is rising in the EM FX market.

The Eurozone: Here are EU companies with the highest profit per employee.

Food for Thought: Generative AI is sending shockwaves through the online freelancing world:

Edited by William Villacis

Contact the Daily Shot Editor: Brief@DailyShotResearch.com

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Greetings,

 

The United States: Initial jobless claims are near the lowest levels in recent years.

The United Kingdom: The UK stands out when it comes to foreign direct investment.

Cryptocurrency: It has been a tough week for cryptos, with XRP underperforming top peers.

Commodities: US wheat futures continue to trend lower.

Equities: Analysts continue to downgrade their Q4 earnings estimates.

Food for Thought: EV sales in the US:

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:  More firms are reporting expensive financing as a problem.

Mortgage applications edged higher again as mortgage rates ease from multi-year highs.

Equities: Bullish options bets on small caps are hitting record highs.

Cryptocurrency: Bitcoin is up almost 130% year-to-date.

Emerging Markets: India’s trade gap hit a record high as imports surge.

The United Kingdom: The UK CPI report was a bit softer than expected.

Food for Thought: Here are the largest tea exporters:

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: It appears that core inflation is settling around 3%, which is a concern for the Fed.

Equities: The earnings revision breadth has worsened for both large and small caps.

Small caps continue to widen their underperformance.

Rates: US reserve balances have been rising as the Fed’s RRP facility balances dip below $1 trillion.

The Eurozone: The rotation into longer-dated (higher-yielding) deposits has been reducing the money supply.

China: The decline in shadow bank financing could weigh on infrastructure investment despite recent stabilization.

Cryptocurrency: The Crypto Fear & Greed Index remains in “greed” territory after spending most of the past two months in the “fear” zone.

Food for Thought: K-12 school shootings:

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: US consumer sentiment declined again this month.

The United Kingdom: The Rightmove index showed home prices declining further this month.

China: Housing is becoming a smaller part of China’s economy.

Energy: Clean energy shares remain under pressure.

Equities: Cyclicals continue to outperform defensives.

Rates: Treasury net issuance will remain elevated.

Food for Thought: US college admissions test scores:

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: Healthcare workers, public school teachers, and restaurant/hotel workers drove a large portion of the job gains this year.

The United Kingdom: The GDP report was a bit better than expected, with September growth boosted by services.

Europe: Here is a look at business and household financing rates in the Eurozone.

Commodities: Flash memory prices are rebounding.

Equities: Retail investors don’t seem to be chasing the current rally.

Credit: Business loans held on banks’ balance sheets are now down on a year-over-year basis.

Food for Thought: The most-spoken language in each state besides English and Spanish:

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: The yield curve inversion has intensified in the past few days.

Equities: The Nasdaq Composite has been up for nine consecutive trading sessions.

The Eurozone: Short-term inflation expectations are rebounding.

Energy: Brent crude is below $80/bbl.

China: China is in deflation as food prices sink.

Emerging Markets: The Philippine GDP topped expectations last quarter.

Food for Thought: Wealth per capita globally:

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: Tight bank lending standards indicate high recession odds.

Europe: The Czech koruna has been sagging, with EUR/CZK maintaining the uptrend channel.

Commodities: Gold and oil have been highly correlated in recent days.

Energy: Energy shares have been under pressure in recent days.

Equities: The correlation between stocks and bonds remains elevated.

Rates: China’s holdings of Treasuries continue to decline alongside the Fed’s QT.

Food for Thought: Contributions to CO2 emissions:

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: US financial conditions eased sharply over the past few days.

The United Kingdom: Homeowners are facing a refinancing shock.

Equities: Earnings downgrades have exceeded upgrades for eight weeks in a row.

The Eurozone: Euro-area October PMI reports have been awful.

Cryptocurrency: Crypto funds saw the sixth consecutive week of inflows.

Commodities:  Coffee, cocoa, and sugar continue to surge.

Food for Thought: Movies are becoming longer:

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, as well as underemployment, edged higher in October.

Markets now see very little chance of another Fed rate hike in this cycle.

Asia-Pacific: Asian currencies are surging after last week’s US economic data and the FOMC meeting.

Emerging Markets: There has been a large valuation gap between Indian and Chinese equities since 2021, primarily driven by diverging multiples – the widest on record, according to Alpine Macro.

Credit: Last week was a good one for risk assets, including credit (2 charts).

Rates: The largest T-bill ETF saw large inflows last week.

Food for Thought: Paying for online news:

Edited by William Villacis

Contact the Daily Shot Editor: Brief@DailyShotResearch.com

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