Greetings, United States: Let’s begin with the FOMC minutes, which continued to show a dovish stance. Later this year, the Committee will debate if the pace of economic recovery warrants an increase in securities purchases. Fed officials have been increasingly focused on layoffs, which may guide their decision on quantitative easing. For now, inflation …
The Daily Shot Brief – October 7th, 2020
Greetings, United States: The negotiations to implement another stimulus package appear to be over for now. United Kingdom: EV sales are up sharply. Australia: Australia is facing a fiscal cliff. China: China continues to expand its influence through international organizations. Credit: This chart shows liquidations vs. reorganizations by firm size. …
The Daily Shot Brief – October 6th, 2020
Greetings, United States: Consumer inflation expectations have been overshooting the actual price gains. Europe: Despite the SNB’s efforts to keep the Swiss franc from appreciating, hedge funds continue to maintain net long positions. China: This chart shows US views on China (by political affiliation). Energy: US electricity production is the lowest …
The Daily Shot Brief – October 5th, 2020
Greetings, United States: Just as we saw in the Conference Board’s index, the updated September U. Michigan consumer sentiment report showed substantial improvements. United Kingdom: The UK’s economy has underperformed due to weak household spending. But retail sales have now fully recovered from the pandemic-induced slump, pointing to a rebound in economic growth. …
The Daily Shot Brief – October 2nd, 2020
Greetings, Equities: The President and First Lady tested positive for COVID, sending jitters through the markets. Stock futures are heavy in early trading. The market-based probability of Pence winning the 2020 election jumped. Credit: ESG debt issuance hit records in Q3. Rates: Treasury bill supply is projected to decline into year-end. …
The Daily Shot Brief – October 1st, 2020
Greetings, Equities: Stocks rose on Wednesday, with futures climbing further on Thursday morning in response to a potential relief plan breakthrough This development is a necessary condition for the rally to continue. Credit: Projected global insolvencies in 2021: Energy: Energy shares continue to underperform. But the IEA crude oil demand forecast shows …
The Daily Shot Brief – September 30th, 2020
Greetings, United States: Higher consumer inflation tends to be good for profit margins. According to Morgan Stanley, CapEx plans have recovered. But small business spending is lagging. Europe: Online search activity for credit cards slumped in Europe, diverging from the US. In addition, the EU is proposing ambitious reductions in …
Continue reading “The Daily Shot Brief – September 30th, 2020”
The Daily Shot Brief – September 29th, 2020
Greetings, United States: Forecasters are increasingly convinced that the next government stimulus package won’t be implemented until next year. And here’s Moody’s Analytics employment projections under various election outcomes: Eurozone: The euro remains vulnerable to a potential unwind of massive short-dollar bets. Emerging Markets: Despite the 200 bps rate hike, the Turkish …
Continue reading “The Daily Shot Brief – September 29th, 2020”
The Daily Shot Brief – September 28th, 2020
Greetings, United States: BlackRock expects a higher inflation regime in the medium term (well above market-based inflation expectations). Inflation has been driven by demand this year. The largest decline in credit/debit card spending has been among Americans with the best credit scores. Eurozone: Who are the biggest beneficiaries of the EU …
Continue reading “The Daily Shot Brief – September 28th, 2020”
The Daily Shot Brief – September 25th, 2020
Greetings, Administrative Update On September 30th at 12:30 PM EST, Sandy Leeds will be conducting a webinar on the latest market trends and economic developments. This event is a collaboration between The Daily Shot and Texas Executive Education (University of Texas). Our subscribers can sign up here. United States: Bloomberg’s report shows that Americans are much more upbeat …
Continue reading “The Daily Shot Brief – September 25th, 2020”
