The Daily Shot® Brief

Greetings,

The United States: Sales and earnings indicators remain depressed.

The United Kingdom: At the same time, wage growth remains elevated.

Japan: Producer prices are accelerating again.

Cryptocurrency: After a sharp pullback, Bitcoin held support at its 50-day moving average.

Energy: Here is a look at oil & gas projects under development over time.

Equities: The Magnificent 7 market cap is now 30% of the S&P 500.

Food for Thought: China’s semiconductor exports to Russia:

Edited by Josh Oldmixon

Contact the Daily Shot Editor: Brief@DailyShotResearch.com

Subscribe to the Daily Shot Brief

Greetings,

The United States: Are the fears of a second inflation wave overblown? Below is a comment from Oxford Economics.

The Eurozone: The EUR/USD risk reversals show increased downside bias ahead of the French elections.

Asia-Pacific: The wide gap between US and Japanese real rates could narrow as both nations reverse unconventional monetary policies.

Commodities: Here is a look at commodity markets’ correlations to the S&P 500 and the US dollar.

Equities: According to the NY Fed’s Survey of Consumer Expectations, US households are increasingly upbeat on stocks.

Credit: Investment-grade bond fund flows remain robust.

Global Developments: Speculative accounts have been cutting their US dollar exposure ahead of the rebound.

Food for Thought: US teens’ labor force participation:

Edited by William Villacis

Contact the Daily Shot Editor: Brief@DailyShotResearch.com

Subscribe to the Daily Shot Brief

Greetings,

We want to begin by sharing that one of our favorite weekend reads, the Weekly S&P500 ChartStorm by Callum Thomas, has released a Major Report on the US stock market (available here). This pack contains 91 charts covering perspectives on price, fundamentals, sectors, styles, asset allocation, and a selection of market curiosities to challenge your perspective.

---

 

The United States: Conversely, the Household Survey data indicated a sharp decline in employment, suggesting that the official figures from the Establishment Survey may be subject to downward revisions.

Europe: Sweden’s service activity is treading water.

Japan: The Economy Watchers Survey Expectations Index continues to tumble.

Cryptocurrency: Hedge funds have built a substantial short position in bitcoin futures. Note that some of these positions may be against cash or ETF holdings.

Commodities: Speculative accounts are now net short sugar futures.

Equities: Investor sentiment continues to be upbeat, according to positioning data.

Food for Thought: United Nations Security Council vetoes by country:

Edited by Josh Oldmixon

Contact the Daily Shot Editor: Brief@DailyShotResearch.com

Subscribe to the Daily Shot Brief

Greetings,

The United States: The unemployment rate has been below 4% for 27 months.

The United Kingdom: British firms anticipate a 3.9% increase in output prices over the next year.

Emerging Markets: Mexican vehicle production hit a record high for this time of the year.

Commodities: Cocoa and coffee futures continue to rally, fueled in part by hedge funds.

Energy: Here is a look at the global expansion of solar capacity.

Equities: Unlike during the dot-com bubble, Nasdaq 100 prices currently align with fundamentals.

Food for Thought: US imported containers by East Coast port:

Edited by Josh Oldmixon

Contact the Daily Shot Editor: Brief@DailyShotResearch.com

Subscribe to the Daily Shot Brief

Greetings,

The United States: The market is settling on two Fed rate cuts this year.

Canada: The Bank of Canada has initiated a cycle of monetary easing.

The Eurozone: Services PMIs indicated robust growth in Germany, Italy, and Spain last month.

Japan: Import prices point to further easing in Japan’s core goods CPI.

Equities: Will Nvidia’s rally continue? The options market sees a 14% probability of the share price exceeding $1600 by late September and 19% by the end of the year (current price is $1224).

Global Developments: Central banks stepped up rate cuts in May.

Food for Thought: The neurotech device market:

Edited by William Villacis

Contact the Daily Shot Editor: Brief@DailyShotResearch.com

Subscribe to the Daily Shot Brief

Greetings,

The United States: Job openings declined significantly in March and April, suggesting an easing of labor market imbalances. The April figure was below forecasts.

Europe: Container shipping costs continue to climb.

China: Hedge funds have been dumping Chinese stocks.

Commodities: Chicago lean hog futures are under pressure amid concerns about sustained domestic demand.

Equities: The market continues to reward companies that pursue onshoring strategies.

Credit: US private sector credit growth has been slowing.

Food for Thought: Lowest 10 states by real GDP growth in 2023:

Edited by Josh Oldmixon

Contact the Daily Shot Editor: Brief@DailyShotResearch.com

Subscribe to the Daily Shot Brief

Greetings,

The United States: The ISM Manufacturing PMI moved deeper into contraction territory in May as demand softened.

However, factories are hiring again.

The Eurozone: The contraction in manufacturing activity at the Eurozone level has been slowing.

Emerging Markets: The largest Mexican equity ETF (EWW) was down over 10% on Monday.

Commodities: Crude oil is sharply lower this week after the OPEC+ meeting as the market appears to be well supplied.

Equities: Here is a look at the S&P 500 performance across the presidential election cycle.

Credit: Small banks have been increasing CRE exposure.

Food for Thought: Shift in fitness visits by time of day and its impact on fitness growth:

Edited by William Villacis

Contact the Daily Shot Editor: Brief@DailyShotResearch.com

Subscribe to the Daily Shot Brief

Greetings,

Canada: The first-quarter GDP growth report surprised to the downside, sending bond yields lower.

The United States: Real consumer spending unexpectedly fell in April, indicating a slowdown in US economic activity.

China: The PMI report from S&P Global indicates that China’s manufacturing expansion is accelerating.

Emerging Markets: The Mexican peso took a hit following the election outcome.

India’s annual GDP growth surprised to the upside.

Credit: The leveraged loan distress ratio and default rate have eased over the past year.

Food for Thought: Nvidia’s income statement:

Edited by William Villacis

Contact the Daily Shot Editor: Brief@DailyShotResearch.com

Subscribe to the Daily Shot Brief

Greetings,

The United States: Treasury yields declined in response to the GDP revision.

The United Kingdom: According to the CBI, UK retail sales unexpectedly rebounded in May.

Europe: Sweden’s Q1 GDP growth topped expectations.

Cryptocurrency: Presidential meme coins experienced sharp price swings on Thursday.

Energy: The Brent crude curve shifted into contango.

Equities: Regional banks continue to underperform.

Food for Thought: Coal-fired capacity in development:

Edited by Josh Oldmixon

Contact the Daily Shot Editor: Brief@DailyShotResearch.com

Subscribe to the Daily Shot Brief

Greetings,

The United States: Here are some Beige Book trends.

The Eurozone: Aggregate credit extended to the non-financial sector has fallen significantly.

China: Last month, depositors withdrew a significant amount of capital from China’s banks.

Commodities: Orange juice prices continue to soar.

Credit: US banks continue to carry substantial unrealized mark-to-market losses on their bond holdings.

Global Developments: Container shipping costs are rising.

Food for Thought: AI-related job openings:

Edited by William Villacis

Contact the Daily Shot Editor: Brief@DailyShotResearch.com

Subscribe to the Daily Shot Brief