The Daily Shot Brief – January 18th, 2023



The United States: The first manufacturing report of the month was a disaster. The NY Fed’s regional factory activity index dipped to the 2008 lows.

Source: Daily Shot

Financial conditions continue to ease, frustrating Fed officials. This index is a Z-score tracking the overall level of financial stress in the U.S. money, bond, and equity markets to help assess the availability and cost of credit.

Source: Daily Shot


The Eurozone: Germany’s economic sentiment is rebounding rapidly.

Source: Daily Shot


Japan: The BoJ is not budging on yield control. Here is the market reaction.

Source: Daily Shot


Commodities: The rally in gold has been too fast relative to the dollar’s decline.

Source: @Ole_S_Hansen


Equities: Financials dragged the Dow lower on Tuesday.

Source: Daily Shot


Global Developments: We have some home price indices and valuations.

Source: BCA Research


Food for Thought: Lastly, here’s a look at the best and worst-performing hard commodities in 2022.

Source: Visual Capitalist, h/t Walter Read full article


Edited by Alexander Bowers

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