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The Daily Shot Brief – December 9th, 2022

Greetings,

 

The United States: To begin, elevated layoffs point to higher jobless claims ahead.

Source: Pantheon Macroeconomics

 

The Eurozone: Here is what the market is pricing in for ECB rate changes.

Source: Danske Bank

 

China: Property stocks are surging.

Source: @markets  Read full article
Source: The Daily Shot

 

Equities: For the first time in 26 weeks, there were more earnings upgrades than downgrades.

Source: The Daily Shot

 

Energy: WTI temporarily moved back into backwardation on the Keystone news.

Source: Reuters  Read full article
Source: The Daily Shot

 

Emerging Markets: The currency devaluation is causing Egypt’s inflation to surge again.

Source: The Daily Shot

 

Cryptocurrency: It has been a mixed week for cryptos, with Ethereum outperforming other top tokens.

Source: FinViz

 

Food for Thought: To conclude the week, here is the change in cost to deliver cargo into orbit:

Source: @tomfgoodwin

Edited by William Villacis

Contact the Daily Shot Editor: Brief@DailyShotResearch.com

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The Daily Shot Brief – December 8th, 2022

Greetings,   The United States: The current housing market reflects a similar demand/supply imbalance as the 1970s.   Consumer credit remains elevated, but that debt buys a lot less these days.   Europe: Norway’s current account surplus exploded this year as energy prices and deliveries surged.   Commodities: Mining stocks have about three times the …

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The Daily Shot Brief – December 7th, 2022

Greetings,   The United States: Price gains at grocery stores have been outpacing inflation at restaurants. Below, imports and exports are shown on separate axes to illustrate the COVID-era divergence.   Emerging Markets: Equity valuations are depressed.   Cryptocurrency: The Grayscale Bitcoin Trust discount to NAV continues to widen. Investors are getting impatient.   Equities: Morgan …

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The Daily Shot Brief – December 6th, 2022

Greetings,   The United States: The stock market, which ended up taking Friday’s strong jobs report in stride, turned sharply lower on Monday in response to the ISM Services data that conveyed service sector resilience.   Despite the strong ISM Services report, tumbling residential investment (among other factors) will become a drag on the index. …

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The Daily Shot Brief – December 5th, 2022

Greetings,   The United States: Labor force participation declined again, including prime-age workers, which could contribute to faster wage growth. This is not the trend the Fed wants to see. Given the recent improvement in US financial conditions, we could see the Fed’s terminal rate move higher.   The Eurozone: Despite signs of inflation peaking, the …

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