Greetings,
The United States: To begin, capital goods orders and shipments growth (a proxy for business investment) remained robust in July.
In the labor market, unemployment duration continues to move lower (workers who lost jobs find new employment quickly).
The Eurozone: Germany’s natural gas inventories will be ready for winter, albeit at a high cost.
China: China boosted its stimulus package to reinvigorate the economy after lockdowns.
Energy: US refined product consumption is now well below pre-COVID levels.
Equities: Here is the number of consecutive days without reaching a new all-time high in the S&P 500.
Rates: Asset manager positions in the 10-year and ultra T-Bond contracts have grown to multi-year highs.
Food for Thought: Lastly, here is the proportion of streaming subscribers who watch, cancel, and go:
Edited by William Villacis
Contact the Daily Shot Editor: Brief@DailyShotResearch.com
