The Daily Shot Brief – December 6th, 2022



The United States: The stock market, which ended up taking Friday’s strong jobs report in stride, turned sharply lower on Monday in response to the ISM Services data that conveyed service sector resilience.

Source: Reuters Read full article
Source: The Daily Shot


Despite the strong ISM Services report, tumbling residential investment (among other factors) will become a drag on the index.

Source: Oxford Institute for Energy Studies


The Eurozone: The expected ECB terminal rate may be too low to tame red-hot inflation.

Source: Nordea Markets


Equities: Here is short interest by sector.

Source: S&P Global Market Intelligence


How does the S&P 500 perform after rate hikes stop?

Source: BofA Global Resarch


Credit: The amount of US distressed bonds and loans is rising, although well below 2020 levels.

Source: Quill Intelligence


Commodities: Copper has been testing resistance at the 200-day moving average.

Source: The Daily Shot


Food for Thought: Lastly, here are autocratic and democratic hosts of international sporting events:

Source: The Economist  Read full article

Edited by William Villacis

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