The Daily Shot Brief – August 4th, 2022



The United States: The July ISM Services PMI topped expectations. The report is not signaling a recession.

Source: The Daily Shot


It should be noted that different indicators are providing mixed signals for the trajectory of the economy. The high-yield bond market suggests that the US will avoid a recession.

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


Equities: A majority of stocks are above their 50-day moving average, which typically leads to further market gains.

Source: SentimenTrader


Outside of tech, most US sectors saw softer business activity growth or a contraction in July.

Source: S&P Global PMI


Energy: US gasoline demand tumbled last week.

Source: The Daily Shot


The Eurozone: Italian private credit, house prices, and profits have lagged far behind the European average.

Source: BCA Research


Cryptocurrency:  More central banks believe that central bank digital currencies (CBDC) issuance is likely before the end of the decade, according to a survey by BIS.

Source: BCA Research


Food for Thought: To finish, here is Meta’s revenue growth over the past decade:

Source: Statista

Edited by William Villacis

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