The Daily Shot Brief – July 27th, 2022

Greetings,

 

The United States: Confidence among high-income Americans is declining rapidly, which could impact spending.

Source: Daily Shot

New home sales dipped below 2016 levels last month and are now about 20% below the June 2021 volume.

Source: Daily Shot

 

The Eurozone: Bond spreads are widening despite the ECB’s new framework to fight defragmentation.

Source: Daily Shot

 

Commodities: Commodity ETFs have been experiencing significant outflows.

Source: Daily Shot

 

Equities: Microsoft’s results were hurt by the US dollar’s strength, which is hitting many firms that have substantial international sales.

Source: PGM Global

But the results weren’t as scary as investors feared, and Microsoft’s guidance was better than expected. It appears the market is willing to look beyond current headwinds as shares jumped after the close.

Source: Daily Shot

 

Global Developments: The IMF boosted inflation forecasts as they expect prices to remain elevated for longer.

Source: IMF Read full article

 

Food for Thought: Lastly, let’s take a look at companies with the highest revenue.

Source: Statista

 


Edited by Alexander Bowers

Contact the Daily Shot Editor: Brief@DailyShotResearch.com


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