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The United States: This is the second longest streak of continuous payroll gains since 1939.
Betting markets have sharply reduced the likelihood of a recession this year following the election.
Equities: The options market is anticipating record-high earnings reactions, with implied single-stock moves outpacing broader market volatility.
The sharp drop in funding spreads reflects reduced demand for equity derivatives. Institutional investors, including pension funds and hedge funds, appear to have shifted to net selling amid evolving Fed rate expectations.
The Eurozone: French bond spreads remain elevated amid political budget uncertainty.
India: The rupee has been under pressure.
Japan: Japan’s stock/bond correlation remains elevated, which typically occurs during periods of high inflation.
Food for Thought: Grocery retailers’ market share:
Edited by William Villacis
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