The Daily Shot Brief – December 1st, 2022



Equities: Stocks surged in response to Chair Powell’s dovish comments.

Source: The Daily Shot


Rates: So far, the current Fed rate hike cycle is the fifth largest in magnitude and the fifth shortest in duration.

Source: Deutsche Bank Research


Alpine Macro expects markets to front-run a Fed pivot, triggering a reversal in yields. Is this the end of “monetary overkill?”

Source: Alpine Macro


The United States: Alongside Chair Powell’s comments, a softer-than-expected November ADP private payrolls report boosted stocks and bonds. Hiring appears to be slowing rapidly.

Source: CNBC   Read full article
Source: The Daily Shot


China: US overseas direct investment into greater China has slowed but is on track to partially recover this year. There are also signs of disinvestment from Hong Kong.

Source: Fitch Ratings


Commodities: Here is November performance data across key commodity markets. Some industrial commodities (like iron and aluminum) are rebounding amid hope for China’s reopening.

Source: The Daily Shot


Energy: Distillates inventories appear to be recovering.

Source: @EIAgov


Food for Thought:  To conclude, here are the largest importers and exporters of bacon:

Source: @OpenAxisHQ  Further reading

Edited by William Villacis

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