The Daily Shot Brief – December 4th, 2023

Greetings,

 

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

Contact the Daily Shot Editor: Brief@DailyShotResearch.com


If you would like to subscribe to the full-length Daily Shot (see example), please register here.

Leave a Reply