Greetings, United States: Consumer price gains remained elevated last month, but the pace of growth slowed (roughly in line with expectations). Commodities: US lumber prices continue to sink. Equities: Options volume is still elevated, especially relative to share trading volumes. Rates: The 10-year real Treasury yield is far below the neutral real …
The Daily Shot Brief – August 11th, 2021
Greetings, United States: The Treasury could run short of the liquidity needed to meet all obligations in the first half of October. Asia-Pacific: Here is an overview of the COVID situation in Asia. China: Beijing has been highly supportive of the domestic semiconductor industry. Energy: Forecasters are less upbeat on …
The Daily Shot Brief – August 10th, 2021
Greetings, United States: Job openings hit another record in June, with the May figures revised higher. The demand for labor in the US is unprecedented. United Kingdom: As we saw last week, the BoE boosted its forecast for near-term inflation. The central bank also lowered its projections for unemployment. China: Air travel …
The Daily Shot Brief – August 9th, 2021
Greetings, United States: The July payrolls report topped market expectations, posting another strong month of job gains. Canada: The July employment report was disappointing. Europe: Here is a comparison of digital technologies adoption between the EU and the US. Asia-Pacific: Will the yen get a boost from the Olympics? …
The Daily Shot Brief – August 6th, 2021
Greetings, United States: The delta variant is becoming a drag on spending. Europe: This chart shows the evolution of corporate indebtedness as a percent of GDP. China: China has a commanding position across the global battery supply chain. Alternatives: This chart shows private equity dry powder in Europe. Global …
The Daily Shot Brief – August 5th, 2021
Greetings, United States: The ISM Services PMI index hit a record high last month, pointing to rapid growth in the service sector. Here are the components. China: We have some data on mobile payments in China. Cryptocurrency: It’s the Wild, Wild West in cryptoland, according to Gary Gensler. Credit: Banks …
The Daily Shot Brief – August 4th, 2021
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 …
