The Daily Shot Brief – April 5th, 2021



United States: The US economy is heating up as the job market strengthens. The March headline payrolls report topped economists’ forecast.

Source: The Daily Shot

While hiring was robust last month, it should be noted that the upside surprise was mostly due to seasonal adjustments – see the comment from Mizuho Securities below.

Source: Mizuho Securities USA


United Kingdom: Long-term market-based inflation expectations continue to surge.

Source: The Daily Shot


Cryptocurrency: Bitcoin mining electricity usage is now above that of Sweden.

Source: Cambridge Centre for Alternative Finance


Equities: The S&P 500 outperformance vs. Treasuries is at extreme levels.

Source: @benbreitholtz

Is the US stock/bond return ratio nearing a peak?

Source: Variant Perception


Credit: It was a rough start of the year for investment-grade bonds.

h/t @jtcrombie


Food For Thought: Job postings for a four-day workweek:

Source: Bloomberg Read full article

Edited by Daniel Moskovits

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