Greetings,
The United States: Few firms are mentioning inflation on earnings calls.
Equities: The Magnificent 7’s massive earnings growth advantage over the rest of the S&P 500 is narrowing.
China: Hong Kong stocks have significantly outperformed mainland shares as capital from the mainland flows into Hong Kong.
Commodities: COMEX copper has sharply outperformed LME copper amid tariff risks.
The Eurozone: The pace of spread narrowing between the euro short-term rate and the deposit facility rate has increased as excess liquidity declined.
Credit: Portfolio trading in investment-grade credit has surged, now accounting for over 20% of dealer-to-client volume, as systematic investors embrace bulk bond transactions for efficiency and liquidity.
Food for Thought: Women outpace men in college enrollment in most countries.
Edited by William Villacis
Contact the Daily Shot Editor: Brief@DailyShotResearch.com
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