Greetings,
Equities: The rise in the S&P 500 last year was one of the strongest since 1928 and was mostly driven by valuation expansion.

Credit: Leveraged loan issuance saw its strongest January in over a decade as loan spreads keep tightening.

The United States: The trade deficit neared $100 billion in December as imports surged.


Canada: Canada’s trade balance swung into surplus for the first time in ten months.


Emerging Markets: Ukraine’s bond prices are soaring on hopes of a potential end to the war.


Commodities: Gold lease rates have surged to multi-year highs, reflecting extreme tightness in the market as traders rush to secure bullion ahead of potential US tariffs.

Food for Thought: Generative AI adoption outpaces prior technologies.

Edited by William Villacis
Contact the Daily Shot Editor: Brief@DailyShotResearch.com
Subscribe to the Daily Shot Brief