Greetings, United States: Where will we see the highest share of evictions once the moratorium ends? Eurozone: Italian polls suggest that the Brothers of Italy party is rapidly gaining support at the expense of Lega. While both parties are Eurosceptics, Brothers of Italy poses less risk to the EU/EMU than Lega. …
The Daily Shot Brief – August 3rd, 2021
Greetings, United States: Supply bottlenecks persist, but the supplier delivery time index is off the peak. Japan: Consumer confidence is holding up well considering the pandemic spike. China: Here is a look at Beijing’s regulatory actions. Cryptocurrency: Search activity for mortgage loans and entry-level jobs has been correlated with Bitcoin …
The Daily Shot Brief – August 2nd, 2021
Greetings, United States: Consumer spending was slightly stronger than expected in June, with the dollar level holding above the pre-COVID trend. Asia-Pacific: COVID cases in Japan are surging. Emerging Markets: Emerging market fund flows improved in recent weeks. Commodities: US renewable diesel production is expected to surge over the next few years. …
The Daily Shot Brief – July 30th, 2021
Greetings, United States: While economic growth remained robust in the second quarter, the GDP report surprised to the downside. United Kingdom: Credit and debit card spending has fallen in recent weeks. Equities: Robinhood’s debut session was not what investors (including retail clients) hoped to see. Will this inject some caution into …
The Daily Shot Brief – July 29th, 2021
Greetings, United States: The FOMC statement suggests that QE is no longer on “autopilot.” The Fed officials took the “first deep dive” into scaling back purchases. But what does assessing progress in the “coming meetings” mean? United Kingdom: Did Euros matches contribute to the recent spike in COVID cases? China: The …
The Daily Shot Brief – July 28th, 2021
Greetings, United States: At the national level, inventories-to-sales ratios are at record lows. Eurozone: The whole Bund curve is about to go negative. China: Manufacturing investment remains weak despite the recent rise in exports. Equities: M&A is becoming more challenging in the current environment. Credit: 1st-lien recovery expectations continue …
The Daily Shot Brief – July 27th, 2021
Greetings, United States: This chart shows US retail mobility by region. Eurozone: Will the slowdown in the money supply expansion put downward pressure on economic growth? Japan: Support for Yoshihide Suga continues to decline (see story). Commodities: How will climate change impact where wheat crops are grown? Equities: The …
The Daily Shot Brief – July 26th, 2021
Greetings, United States: Faster wage growth has been constrained to several low-wage sectors, according to BCA Research. Canada: “Subprime” mortgages are on the rise in Canada. United Kingdom: Hospital admissions would be surging without the vaccine program. China: Education stocks are tumbling as Beijing cracks down (forcing them to become …
The Daily Shot Brief – July 23rd, 2021
Greetings, United States: Initial jobless claims remain stubbornly high relative to pre-pandemic levels. Eurozone: The ECB slightly adjusted its forward guidance based on the new strategy. The central bank is now even more dovish, with tapering unlikely to be announced this quarter. The statement language was shorter and more direct. …
The Daily Shot Brief – July 22nd, 2021
Greetings, Credit: US aggregate lending standards haven’t been this easy since 2005. Equities: Ivy League endowments continue to boost their US equity exposure. Cryptocurrency: Our friend Elon returned to pump Bitcoin. China: Evergrande’s bond price tumbled below 50c on the dollar as Hong Kong banks pull back financing. Eurozone: …
