The Daily Shot Brief – April 2nd, 2024



The United States: The ISM Manufacturing PMI finally returned to growth in March, topping expectations.

Source: The Daily Shot
Source: @economics  Read full article


This year’s gains in the Citi Economic Surprise Index have been driven by soft data (surveys).

Source: @TheTerminal, Bloomberg Finance L.P.


The Eurozone: Deutsche Bank expects the ECB policy rate to drop to 2% by mid-2025.

Source: Deutsche Bank Research


Japan: Investors continue channeling capital into Japan-focused equity funds.

Source: BofA Global Research


Emerging Markets: This chart shows the rate differentials (vs. USD) and implied volatility for select EM currencies.

Source: The Daily Shot


Commodities: Chicago cattle futures are selling off.

Source: The Daily Shot
Source: Drovers  Read full article


Credit: The single-B – BB corporate spreads continue to tighten, singling increased risk appetite.

Source: The Daily Shot


Food for Thought: US households’ financial asset allocation:

Source: Goldman Sachs; @MikeZaccardi

Edited by William Villacis

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