The Daily Shot Brief – August 9th, 2023

Greetings,

 

The United States: The NFIB small business sentiment index climbed again last month, boosted in part by the stock market strength.

Source: The Daily Shot
Source: Reuters

 

Equities: The US stock/bond correlation flipped positive following the BoJ’s surprise yield curve control adjustment.

Source: Global X ETFs

 

China: The PPI edged higher but remains negative on a year-over-year basis.

Source: The Daily Shot

 

Cryptocurrency: Bitcoin remains in a historically low volatility regime. (2 charts)

Source: @glassnode
Source: @K33Research

 

Commodities: The BRICS central banks continue to amass gold.

Source: Alpine Macro

 

Energy: Russian oil exports are retreating.

Source: @ANZ_Research

 

Food for Thought: Billionaires with more than $100 billion of net worth:

Source: Statista

 


Edited by Josh Oldmixon

Contact the Daily Shot Editor: Brief@DailyShotResearch.com


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