The Daily Shot Brief – December 5th, 2019

Greetings,

 

The United States:  The ADP private payrolls report was well below market expectations.

Source: The Daily Shot

The ADP data also showed that small businesses hiring has stalled.

Source: FRED

 

United Kingdom: The pound continues to rally as polls show Conservatives maintaining their lead. With a decisive majority in Parliament, the Prime Minister will finalize the current separation deal, eliminating the risk of a hard Brexit.

Source: The Daily Shot

 

Eurozone: Portfolio inflows bode well for the euro.

Source: Pantheon Macroeconomics

 

Equities: Earnings expectations are highest for cyclical sectors, leaving more room for downward revisions versus defensive sectors, according to Richardson GMP.

Source: Market Ethos, Richardson GMP

 

Global Developments: The BlackRock Geopolitical Risk Indicator for trade tensions remains elevated.

Source: BlackRock

 

Food for Thought: Homeless students in the NYC public schools:

Source: The New York Times; Read full article

Edited by Daniel Moskovits

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Contact the Daily Shot Editor: Editor@DailyShotLetter.com

 

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