The Daily Shot Brief – April 19th, 2022

Greetings,   The United States: Let’s begin with a look at the housing market, where mortgage rates hit a multi-year high on Monday, exceeding the 2018 peak.   Europe: Economists have been downgrading the 2022 euro-area growth forecasts. Spain is expected to outperform.   Equities:  In equity markets, margins are expected to stay healthy as business markups …

The Daily Shot Brief – April 18th, 2022

Greetings,   The United States: Gains in US import prices (excluding petroleum) reached the highest level since the late 1980s. Although, a stronger US dollar should ease import price inflation.   Emerging Markets:  Stocks tend to perform well after the first Fed rate hike.   Commodities: Weaker Chinese imports pose downside risks for commodities.   Equities: Growth …

The Daily Shot Brief – April 13th, 2022

Greetings,   United States: Starting off, consumer inflation reached a multi-year high after a surge in gasoline prices last month.   Emerging Markets: Next, Sri Lanka is defaulting on its foreign debt.   Energy: Fitch expects oil prices to average around $90-$100/barrel over the next year as lower exports from Russia reduce global supplies.   Equities: Which …

The Daily Shot Brief – April 12th, 2022

Greetings,   United States: To begin, inflation expectations in the US remain anchored, with the one- and three-year indicators continuing to diverge.   Rates: The recent drawdown in the US Treasury market has been extreme.   Equities: In equity markets, historical trends illustrate the consequences beyond the bond market of severe Treasury drawdowns.   Eurozone: Economists …

The Daily Shot Brief – April 8th, 2022

Greetings,   Administrative Update: Please note that The Daily Shot Brief will not be published next Friday, April 15th.   The United States: In the US, housing market sentiment has deteriorated to multi-year lows, according to Fannie Mae.   The Eurozone: The ECB continues to get surprised by the euro-area inflation spike, raising the market’s rate …