The Daily Shot Brief – January 4th, 2022

Greetings,       United States: The distribution of SNAP benefits spiked since the start of the pandemic (exceeding food inflation) after the government extended eligibility.   China: The service sector weakened over the past quarter as China maintains its “zero-COVID” policy.   Cryptocurrency: The number of transactions on Bitcoin’s blockchain is starting to decline, which suggests …

The Daily Shot Brief – December 23rd, 2021

Greetings,   United States: Capital Economics does not see the Fed slowing rate hikes in 2023. This forecast diverges from market expectations.   United Kingdom: UK hospitalization data suggest that omicron may be less dangerous than previous COVID variants.   China: China has captured the vast majority of the post-pandemic increase in global trade.   …

The Daily Shot Brief – December 17th, 2021

Greetings,   United States: The market is still doubting the FOMC’s dot plot. Shorter and intermediate-maturity Treasury yields declined and the curve steepened.   Emerging Markets: The Turkish central bank cut rates again, sending the lira past 16 to the dollar. Is the easing cycle over?   Equities: Investors have been rotating out of cyclical …

The Daily Shot Brief – December 15th, 2021

Greetings,   United States: Physical store sales surged this year, with gains outpacing online stores.   Canada: Household leverage is now substantially higher than in the US. One caveat is that Canada’s disposable income is more “disposable” than that of US households (due to healthcare expenses in the US).   United Kingdom: Business closures accelerated …