The Daily Shot Brief – May 29th, 2025

Greetings,

 

The United States: Mortgage applications held up well last week.

Source: TheDailyShot

 

The Eurozone: Euro-area consumer inflation expectations rose more than expected last month.

Source: TheDailyShot 

Source: Bloomberg   Read full article

 

Japan: The rise in EUR/JPY in recent years boosted the value of German assets versus Japanese assets in yen terms.

Source: TheDailyShot

 

Energy: Here is a look at US hydropower generation.

Source: @EIAgov

 

Alternatives: Private equity fundraising has slowed in 2025, with Q1 totals down 35% year-over-year and on pace for the weakest annual showing in nearly a decade. The decline reflects persistent headwinds from high borrowing costs, weak exits, and investor caution amid macro and geopolitical uncertainty.

Source: Bloomberg   Read full article 

 

Equities: Excluding NVIDIA, the Magnificent 7’s year-over-year free cash flow growth has turned negative. The sharp rebound in 2023 was driven by cost-cutting and headcount reductions following the “metaverse” bloat, but that tailwind has faded as AI-driven CapEx ramps up, pressuring cash flows once more.

Source: @KevRGordon, @StrategasRP

 

Food for Thought: Apple’s net sales by product category:

Source: @financialtimes   Read full article  

 


Edited by Abraham Lent

Contact the Daily Shot Editor: Brief@DailyShotResearch.com




 

The Daily Shot Brief – May 28th, 2025

Greetings,

 

The United States: Job market sentiment remains weak, according to the labor differential.

Source: The Daily Shot

 

The United Kingdom: May has been a more challenging month for retailers, according to the latest CBI report.

Source: The Daily Shot

 

Japan: Department store sales softened in April.

Source: The Daily Shot

 

Commodities: US soybean meal futures positioning has been increasingly bearish.

Source: The Daily Shot

 

Equities: Stocks favored by retail investors surged.

Source: The Daily Shot

 

Food for Thought: US barbecue sauce sales:

Source: Bloomberg

 


Edited by Josh Oldmixon

Contact the Daily Shot Editor: Brief@DailyShotResearch.com




 

The Daily Shot Brief – May 27th, 2025

Greetings,

 

The United States: The US composite PMI from S&P Global signaled improved business activity this month.

Source: S&P Global

 

Canada: Consumer sentiment keeps improving.

Source: TheDailyShot

 

Japan: Compensation per employee has accelerated to its fastest pace since the early 1990s, diverging from the softer trend in labour cash earnings. This suggests underlying wage pressures remain firm, reinforcing signals of persistent services inflation.

Source: Capital Economics

 

Cryptocurrency: Crypto fund flows increased last week, pushing total AUM to record highs. (2 charts)

Source: CoinShares 

 

Source: CoinShares

 

Commodities: Here is a look at last week’s performance data.

Source: TheDailyShot

 

Equities: Key US indices ended last week back in negative territory year-to-date.

Source: @TheTerminal, Bloomberg Finance L.P.

 

Food for Thought: US parcel delivery market share by company:

Source: @chartrdaily

 


Edited by Abraham Lent

Contact the Daily Shot Editor: Brief@DailyShotResearch.com




 

The Daily Shot Brief – May 22nd, 2025

Greetings,

 

The United States: The 30-year bond yield climbed above 5%.

Source: TheDailyShot

 

The United Kingdom: The official UK home price index showed annual appreciation exceeding 6% in March.

Source: TheDailyShot

 

Emerging Markets: Indonesia’s central bank delivered another rate cut.

Source: TheDailyShot

 

Cryptocurrency: BTC/USD surged to a record high and is not yet overbought based on its long-term price deviation.

Source: TheDailyShot

 

Commodities: Platinum prices have been surging. The World Platinum Investment Council (WPIC) has raised its forecast for the 2025 supply deficit to 966,000 ounces, marking the third consecutive year of significant shortfalls. This is primarily due to a 13% year-over-year drop in global platinum production in Q1 2025, reaching its lowest level since mid-2020. South Africa, which accounts for over 70% of global supply, continues to face challenges such as power outages and operational disruptions.

Source: TheDailyShot

 

Equities: Here is a snapshot of global equity market valuation

Source: Goldman Sachs; @MikeZaccardi

 

Food for Thought: Total transactions by major payment networks by year:

Source: @chartrdaily

 


Edited by Abraham Lent

Contact the Daily Shot Editor: Brief@DailyShotResearch.com




 

The Daily Shot Brief – May 21st, 2025

Greetings,

 

The United States: Consensus recession odds are down.

Source: MRB Partners

 

Europe: Germany’s producer prices are back in deflation territory.

Source: The Daily Shot

 

China: Hong Kong’s unemployment rate has been grinding higher.

Source: The Daily Shot

 

Cryptocurrency: Bitcoin hit a new high.

Source: The Daily Shot

 

Equities: The momentum factor continues to outperform.

Source: The Daily Shot

 

Global Developments: According to Research Affiliates, government spending below 15% of GDP, which typically happens only in emerging economies, fails to support sustainable economic growth.

Source: Research Affiliates

 

Food for Thought: Demographic trends of economics journal authors:

Source: @atanzi, @business

 


Edited by Josh Oldmixon

Contact the Daily Shot Editor: Brief@DailyShotResearch.com




 

The Daily Shot Brief – May 20th, 2025

Greetings,

 

The United States: According to Deutsche Bank, the US has the largest negative net international investment position in the world. This is driven by substantial foreign ownership of US assets amid high valuation of the dollar assets and the dollar itself.

Source: Deutsche Bank Research

 

Europe: Germany’s transition from a net electricity exporter to a net importer closely followed the completion of its nuclear phaseout, while France’s exports surged after recovering from widespread nuclear outages.

Source: @DanielKral1

 

Asia-Pacific: South Korea’s household credit growth appears to be stabilizing.

Source: TheDailyShot

 

Commodities: The largest gold ETF is seeing some outflows.

Source: TheDailyShot

 

Equities: The Nasdaq’s trajectory following the release of ChatGPT continues to mirror the post-Netscape pattern, with similar gains through the first 617 days.

Source: @bespokeinvest

 

Rates: The X-date is projected to fall in late August or early September.

Source: Goldman Sachs; @MikeZaccardi

 

Food for Thought: Most in-demand AI job skills in the US in 2024 by number of postings:

Source: Visual Capitalist   Read full article  

Edited by Abraham Lent

Contact the Daily Shot Editor: Brief@DailyShotResearch.com




 

The Daily Shot Brief – May 19th, 2025

Greetings,

 

The United States: The Augur high-frequency inflation tracker remains subdued for now.

Source: Augur Infinity

 

China: Industrial production exceeded expectations, supported by base effects.

Source: The Daily Shot

 

Europe: UK home price gains remain subdued.

Source: The Daily Shot

 

Equities: On a long-term basis, the US equity-bond correlation has trended more positive since COVID.

Source: Goldman Sachs; @MikeZaccardi

 

Credit: European leveraged loans have staged a solid recovery this month.

Source: PitchBook

 

Global Developments: Investor sentiment flipped sharply in May, with soft-landing expectations rebounding to 61%—their highest since early 2024—while hard-landing fears dropped to 26%, nearly halving from April.

Source: BofA Global Research

 

Food for Thought: Auto imports into the US by manufacturer in 2024:

Source: Bloomberg

 


Edited by Josh Oldmixon

Contact the Daily Shot Editor: Brief@DailyShotResearch.com




 

The Daily Shot Brief – May 16th, 2025

Greetings,

 

The United States: Prices for portfolio management and investment advice services fell sharply alongside stock prices.

Source: Nomura Securities

 

Canada: Existing home sales were down for the fifth month in a row.

Source: The Daily Shot

 

Europe: Germany’s DAX hit another record high.

Source: The Daily Shot

 

Emerging Markets: Mexican stocks have been rallying.

Source: The Daily Shot

 

Commodities: Here is a look at cumulative gold fund flows.

Source: BofA Global Research

 

Equities: The S&P 500 forward P/E ratio is nearing 22x again.

Source: @TheTerminal, Bloomberg Finance L.P.

 

Food for Thought: Gasoline prices in California vs. the US average:

Source: Bloomberg

 


Edited by Josh Oldmixon

Contact the Daily Shot Editor: Brief@DailyShotResearch.com




 

The Daily Shot Brief – May 14th, 2025

Greetings,

 

The United States: US inflation has been surprising to the downside.

Source: Augur Infinity

 

The United Kingdom: Wage growth has been stronger than expected.

Source: The Daily Shot

 

Europe: Inflation expectations eased.

Source: The Daily Shot

 

Japan: March household spending was stronger than expected.

Source: The Daily Shot

 

Commodities: Cattle futures continue to surge.

Source: The Daily Shot

 

Equities: The Nasdaq sentiment index is back in positive territory.

Source: Market Harmonics; @WallStJesus

 

Food for Thought: Babies named Leo per year in the US since 1880:

Source: @chartrdaily

 


Edited by Josh Oldmixon

Contact the Daily Shot Editor: Brief@DailyShotResearch.com




 

The Daily Shot Brief – May 13th, 2025

Greetings,

 

The United States: Treasury yields rose sharply in response to the tariff relief announcement.

Source: TheDailyShot

 

Canada: The loonie stabilized at the 200-day moving average.

Source: TheDailyShot

 

Europe: The market is now pricing less than two additional ECB rate cuts in 2025.

Source: @TheTerminal, Bloomberg Finance L.P.

 

China: State-controlled institutions have been buying up equity ETFs to support the market.

Source: Goldman Sachs; @WallStJesus

 

Commodities: In recent months, gold ETF inflows have accelerated, with Asia emerging as a more prominent contributor alongside North America.

Source: Morgan Stanley Research; @WallStJesus

 

Equities: Stocks surged in response to the US-China tariff reduction agreement.

Source: TheDailyShot
Source: Bloomberg   Read full article   

 

Food for Thought: Share of payments made by check in the US by age group:

Source: @financialtimes   Read full article   

Edited by Abraham Lent

Contact the Daily Shot Editor: Brief@DailyShotResearch.com