Greetings and Happy New Year, United States: The updated December manufacturing PMI (from Markit) shows faster growth in the nation’s factory activity. However, the report points to rising supply bottlenecks as the pandemic worsened. Here is a comment from Markit. Eurozone: Germany’s VAT (sales tax) cut will be rolling off from …
The Daily Shot Brief – January 4th, 2021
Greetings and Happy New Year, United States: The dollar weakness should help improve US exports. This chart shows the annual changes in the Bloomberg US dollar index. Eurozone: German hospitals are under pressure. China: The stock market is pushing toward record highs. Cryptocurrency: Bitcoin blasted past $30k. So far, Bitcoin is …
The Daily Shot Brief – December 30th, 2020
Greetings, Administrative Update: Please note that The Daily Shot will not be published from Thursday, December 24 through Friday, January 1. However, in keeping with our annual tradition, here is our special edition of Food for Thought. As a reminder, scheduling updates are available online at https://thedailyshot.com/administrative-updates/ Business/Personal Finances: Public construction spending: …
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The Daily Shot Brief – December 23rd, 2020
Greetings, Administrative Update: Please note that The Daily Shot will not be published from Thursday, December 24 through Friday, January 1. However, in keeping with our annual tradition, we will send out a special edition of Food for Thought next week. As a reminder, scheduling updates are available online at https://thedailyshot.com/administrative-updates/ United States: …
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The Daily Shot Brief – December 22nd, 2020
Greetings, Administrative Update: Please note that The Daily Shot will not be published from Thursday, December 24 through Friday, January 1. However, in keeping with our annual tradition, we will send out a special edition of Food for Thought next week. As a reminder, scheduling updates are available online at https://thedailyshot.com/administrative-updates/ United States: …
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The Daily Shot Brief – December 21st, 2020
Greetings, Administrative Update: Please note that The Daily Shot will not be published from Thursday, December 24 through Friday, January 1. However, in keeping with our annual tradition, we will send out a special edition of Food for Thought next week. As a reminder, scheduling updates are available online at https://thedailyshot.com/administrative-updates/ United Kingdom: …
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The Daily Shot Brief – December 18th, 2020
Greetings, China: The nation’s manufacturing surge is fueling industrial commodities markets. Here are iron ore, steel, and copper futures traded in China. Asia-Pacific: Japan is now firmly in deflation. United States: Confidence in the economy has deteriorated. Cryptocurrency: Bitcoin’s surge was stopped at $24k. This chart shows Bitcoin vs. FANG+ stocks. …
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The Daily Shot Brief – December 17th, 2020
Greetings, United States: The Fed provided guidance for its asset purchases on Wednesday, with language suggesting that QE could continue for some time. FOMC: … the Federal Reserve will continue to increase its holdings of Treasury securities by at least $80 billion per month and of agency mortgage-backed securities by at least $40 billion …
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The Daily Shot Brief – December 16th, 2020
Greetings, Administrative Update: If you didn’t receive the Daily Shot Brief yesterday due to the Google outage, you can view it online at https://dailyshotbrief.com/ United States: Households increasingly expect to boost their spending in the next 12 months. Europe: BCA Research expects tighter government bond spreads given additional easing from the ECB. …
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The Daily Shot Brief – December 15th, 2020
Greetings, United States: Home equity withdrawals have increased in recent years. Will rents continue to face downward pressure? Eurozone: The euro is correlated with China’s credit cycle, which points to further upside for the bloc’s currency. China: China’s overseas lending has collapsed. Energy: OPEC cut its oil demand forecast for …
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