The Daily Shot Brief – January 11th, 2024

Greetings,

 

The United States: Wage growth will likely slow from here, according to Oxford Economics.

Source: Oxford Economics

 

Cryptocurrency: The SEC finally approved US spot-bitcoin ETFs. There was a spike in BTC buying activity on Binance Wednesday surrounding the approval.

Source: @KaikoData
Source: @WSJ  Read full article

 

Equities: Rolling 12-month forward earnings estimates for the S&P 500 hit a record high.

Source: The Daily Shot

 

The Eurozone: Some of the most indebted Eurozone states have significantly reduced their debt ratios.

Source: @DanielKral1, @OxfordEconomics

 

Emerging Markets: Several EM trade balances have improved relative to the past six months, which could be a positive for local currencies.

Source: Oxford Economics

 

Energy: Last week saw another large increase in US refined product inventories.

Source: The Daily Shot
Source: The Daily Shot

 

Food for Thought: Legalization of cannabis in the US:

Source: @financialtimes  Read full article

Edited by William Villacis

Contact the Daily Shot Editor: Brief@DailyShotResearch.com


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