As a reminder, the Daily Shot will not be published on Friday, July 3rd.
United States: The ISM Manufacturing PMI, a closely watched indicator of US factory activity, topped economists’ forecasts. The headline index saw the biggest monthly increase in June since 1980 as manufacturing returns to growth (PMI > 50).
Pandemic-related supplier bottlenecks are easing.
Eurozone: The Citi Economic Surprise Index continues to recover.
Energy: US crude oil production is no longer declining.
Equities: VIX remains elevated.
Trends in institutional vs. retail investor positioning have diverged.
Credit: US bankruptcies have accelerated.
Food For Thought: Top 10 advertisers on Facebook:
Edited by Daniel Moskovits
To receive the Daily Shot Premium, you need to be a subscriber to The Wall Street Journal. The Daily Shot readers qualify for a special membership offer of $1 for 2 months and can join simply by clicking here.
If you are already a WSJ member, you can sign up for The Daily Shot at our Email Center by clicking here.
The Daily Shot Premium is also available online at DailyShotWSJ.com
If you have any issues at all, please contact a Customer Service representative by calling 1-800-JOURNAL (1-800-568-7625) or sending an email to firstname.lastname@example.org.
Contact the Daily Shot Editor: Editor@DailyShotLetter.com