The Daily Shot Brief – September 15th, 2022

Greetings,   The United States: First, here are the inflation rates and corresponding weights of CPI components.   The US Treasury curve is increasingly inverted, which comes as a 75 bps rate hike this month seems very likely.   The Eurozone: The PMI index points to downside risks for euro-area industrial production.   Equities: In equity markets, multiple …

The Daily Shot Brief – September 14th, 2022

Greetings,   The United States: The CPI report was highly disappointing, with price gains exceeding estimates Stocks saw the worst one-day rout since 2020.   The Eurozone: The euro dipped back below parity as the USD surged.   Emerging Markets: Asian currencies declined further after the US CPI shock. Here is the Malaysian ringgit. EM Equity ETFs …

The Daily Shot Brief – September 13th, 2022

Greetings,   The United States: First, what could make the Fed “pivot” on rate hikes? (based on BofA’s survey of fund managers)   The United Kingdom: UK CPI has been outpacing other advanced economies.   The Eurozone: The Eurozone is facing stagflation just as the ECB ramps up rate hikes.   Credit: Investment-grade bond ratings shifted to net …

The Daily Shot Brief – September 12th, 2022

Greetings,   The United States: Starting off, used vehicle prices have been declining. Household net worth tumbled last quarter as stocks slumped.   The United Kingdom:  BoE rate hikes are expected to outpace the Fed’s tightening.   Commodities: Commodity trading has been profitable for banks this year.   Equities: Short-covering gave stocks a boost last week. Here’s …

The Daily Shot Brief – September 6th, 2022

Greetings,   The United States: The probability of a 75 bps Fed rate hike this month dropped in response to the employment report as labor force participation improved and wage growth edged lower. The labor market is showing signs of loosening.   The ISM Manufacturing PMI held up well in August, suggesting that factory activity remains …