The Daily Shot Brief – October 26th, 2022

Greetings,   The United States: Supply issues are over, amid falling demand. Here’s how US pandemic-era home price appreciation compares to other advanced economies.   The United Kingdom: Corporate bankruptcies have been rising. Stock valuations remain near record lows relative to global peers.   Asia-Pacific: Australia’s inflation report surprised to the upside.   Commodities: Prepare to pay …

The Daily Shot Brief – October 21st, 2022

Greetings,   The United States: Initial jobless claims are back at multi-year lows, pointing to persistent strength in the labor market. Also, the market expects a sharp decline in inflation over the next couple of years.   The United Kingdom: The UK’s political turmoil continues.   Emerging Markets: Argentina’s COVID-era economic recovery has been relatively strong.   …

The Daily Shot Brief – October 20th, 2022

Greetings,   The United States: The massive gap between wage growth for job stayers and job switchers illustrates the persistent bid for labor. It may take a recession to ease labor market imbalances.   In the housing market, leading indicators point to severe weakness in residential construction going forward.   Europe: This chart shows inflation rates across …

The Daily Shot Brief – October 19th, 2022

Greetings,   The United States: Used car prices are now down 10% year-over-year, the biggest decline since the financial crisis. Housing valuations, measured in terms of the mortgage payment-to-income ratio, are hitting extreme levels.   Canada: Housing starts surprised to the upside.   China: China delayed the release of the Q3 GDP report. The authorities apparently need …

The Daily Shot Brief – October 13th, 2022

Greetings,   The United States: First, the PPI report surprised to the upside.   Corporate margins are expected to keep tightening.   The Eurozone: The Eurozone’s stagflationary risks are extreme.   Commodities: Orange juice futures have been surging in the pandemic era.   Credit: BCA Research sees a relatively modest increase in defaults next year.   Emerging …