Administrative Update: Please note that The Daily Shot will not be published this Friday, April 2nd.
The next Daily Shot will be out on Monday, April 5th.
United States: The Chicago PMI index surprised to the upside, suggesting that manufacturing activity at the national level (ISM) will show further gains.
Here is the ISM index versus the regional Fed surveys.
United Kingdom: Market-based inflation expectations are climbing.
Eurozone: Is the euro fundamentally cheap?
Equities: The Nasdaq 100 sharply underperformed the Dow in the first quarter.
Rates: It was a tough quarter for Treasuries.
Below is the attribution for the month-to-date and year-to-date Treasury yield changes.
Food For Thought: US life expectancy:
Edited by Daniel Moskovits
Contact the Daily Shot Editor: Editor@DailyShotLetter.com