The Daily Shot Brief – December 4th, 2023



The United States: The ISM Manufacturing PMI surprised to the downside with US factory activity now contracting for thirteen consecutive months.

Source: The Daily Shot
Source: Reuters  Read full article


Equities: The percentage of S&P 500 stocks trading above their 200-day moving average.

Source: The Daily Shot


Investors are nervous about the small-cap outperformance. The Russell 2000 implied volatility index (RVX) has not been following VIX lower.

Source: @TheTerminal, Bloomberg Finance L.P.


The Eurozone: Recent Eurozone inflation figures may already be below the ECB’s target of 2%, which could raise the odds of an ECB rate cut as soon as Q1, according to Deutsche Bank.

Source: Deutsche Bank Research
Source: Deutsche Bank Research


Emerging Markets: Chile’s manufacturing output exhibited a large upside surprise.

Source: The Daily Shot


Global Developments: Rate cuts are accelerating, driven by EM central banks.

Source: Bank of America Institute 


Food for Thought: Median age by state:

Source: @TheDailyShot

Edited by William Villacis

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