Dear Friends, The full-length Daily Shot® is now an independent ad-free publication (see TheDailyShot.com). Here is a sample newsletter. Daily Shot Brief subscribers are eligible to receive the full-length Daily Shot for $115/year (a $20 discount). To subscribe, please register here and use the coupon number DSB329075 (please click the “apply” button for the discount …
The Daily Shot Brief – August 10th, 2020
Dear Friends, The full-length Daily Shot® is now an independent ad-free publication (see TheDailyShot.com). Here is a sample newsletter. Daily Shot Brief subscribers are eligible to receive the full-length Daily Shot for $115/year (a $20 discount). To subscribe, please register here and use the coupon number DSB329075 (please click the “apply” button for the discount …
The Daily Shot Brief – August 7th, 2020
Dear Friends, The full-length Daily Shot® is now an independent ad-free publication (see TheDailyShot.com). Here is a sample newsletter. Daily Shot Brief subscribers are eligible to receive the full-length Daily Shot for $115/year (a $20 discount). To subscribe, please register here and use the coupon number DSB329075 (please click the “apply” button for the discount …
The Daily Shot Brief – August 6th, 2020
Greetings, United States: The ADP private payrolls report surprised to the downside. Economists expected to see 1.2 million jobs created in July, but we got 167k. Here is the breakdown by sector. United Kingdom: The market continues to price in the possibility of negative rates in the UK. Energy: US demand for gasoline …
The Daily Shot Brief – August 5th, 2020
Greetings, United States: Credit card delinquencies have been relatively low in recent months. Credit/debit card spending has been flat since mid-June and remains more than 10% below last year’s levels. China: China was the world’s third-largest source of foreign investment during the 2016-19 period, according to ANZ. Emerging Markets: Turkey’s funding markets …
The Daily Shot Brief – August 4th, 2020
Greetings, United States: Trucking loads have rebounded sharply but appear to be moderating. School and daycare closings will create a substantial drag on the nation’s GDP growth. Eurozone: Spain’s second wave appears to be less deadly. China: Americans increasingly have an unfavorable view of China. Emerging Markets: Argentina’s demand for the …
The Daily Shot Brief – August 3rd, 2020
Greetings, United States: The Chicago PMI rebounded sharply last month, suggesting that Midwest manufacturing activity is back in growth mode. We should see substantial gains in the ISM manufacturing index today. The US velocity of money has collapsed. The rapidly rising money supply has been generating far less economic growth (less GDP per unit of …
The Daily Shot Brief – July 31st, 2020
Greetings, United States: Uncertainty around growth in the second half of the year remains elevated. Without more stimulus, personal incomes will crater, and consumer spending will follow, according to Alpine Macro. And there is work to be done to get to an agreement on the stimulus package. Commodities: Assets under management at the largest gold …
The Daily Shot Brief – July 30th, 2020
Greetings, United States: The Federal Reserve left policy unchanged as it monitors the virus spread. It will be some time before the labor market recovery warrants a rate hike. In fact, the market continues to price in the possibility of negative rates next year. The US dollar declined further in response to the Fed’s cautious …
The Daily Shot Brief – July 29th, 2020
Greetings, United States: Consumer confidence weakened in July, with the Conference Board’s index surprising to the downside. Expectations deteriorated in Texas and Florida. And the Conference Board’s expectations indicator at the national level may decline further. Europe: The ECB is pressuring banks to keep dividend payouts on hold for now. Energy: 2020 is …
