The Daily Shot Brief – April 29th, 2021

Greetings,   United States: The Fed acknowledged economic improvements and higher inflation but sees price gains as “reflecting transitory factors.” Here are the changes from the previous FOMC statement. Moreover, Fed Chair Powell said that “it is not the time to start talking about tapering.” The US central bank remains extraordinarily dovish and entirely focused …

The Daily Shot Brief – April 23rd, 2021

Greetings,   United States: Let’s begin with the Kansas City Fed’s manufacturing report, which made history this month. The strength of the region’s factory activity is extraordinary. Employment and work-hours indicators soared.   Eurozone: Euro-area consumer confidence is approaching pre-crisis levels.   Cryptocurrency: Here are the reasons some investors are not getting into cryptocurrencies.   …

The Daily Shot Brief – April 21st, 2021

Greetings,   United States: The semiconductor industry requires significant R&D spending.   United Kingdom: Port delays continue to ease.   China: The yuan remains a minor component of global F/X reserves.   Equities: The most-shorted stocks are lagging again.   JP Morgan’s clients have boosted their short positions.   Credit: Banks have recouped some of …

The Daily Shot Brief – April 20th, 2021

Greetings,   Eurozone: Construction output tumbled in February.   China: China’s retail investors lost interest in mutual funds.   Commodities: Iron ore is surging amid supply concerns.   Rates: Treasury cash holdings are expected to bottom in late Q3, releasing massive amounts of liquidity.   Global Developments: Here is Bloomberg’s map of policy rate changes. …

The Daily Shot Brief – April 19th, 2021

Greetings,   United States: The U. Michigan consumer sentiment index was below market forecasts, with the expectations component stalling this month. Near-term inflation expectations surged. House buying conditions deteriorated further. Will we see this trend reflected in the housing market?   Cryptocurrency: The weekend’s crypto selloff wiped out all of bitcoin’s gains over the past …