The Daily Shot Brief – August 2nd, 2022



The United States: To begin, construction spending unexpectedly declined in June, driven by weakness in residential investment.

Source: The Daily Shot
Source: Reuters  Read full article


Looking at the yield curve, the 10-year – 3-month portion is about to invert. Some economists prefer this metric as a leading indicator of economic activity.

Source: The Daily Shot


The Eurozone: The updated PMI report showed factory activity contracting throughout most Eurozone economies. Here is the PMI for the overall Eurozone:

Source: S&P Global PMI


AsiaPacific: Japan’s vehicle sales are very soft for this time of the year.

Source: The Daily Shot


ChinaChina’s threats against Pelosi’s Taiwan visit shifted global sentiment to risk-off. Equity declines accelerated.

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


Emerging Markets: The Chilean peso is rebounding supported by the rise in copper prices in July. Copper production remains relatively weak.

Source: The Daily Shot


Energy: Brent dipped below $100 again as fears of slowed production given weaker demand heightened.

Source: The Daily Shot


Food for Thought: Lastly, here are daily visits to various locations:

Source: BlackRock Investment Institute

Edited by William Villacis

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