The Daily Shot Brief – July 6th, 2021

Greetings,

 

 

Energy: The OPEC+ production increase is off the table for now as the impasse continues.

Source: Reuters Read full article

 

Oil prices jumped.

Source: barchart.com

 

Equities: Higher inflation expectations tend to be good for stock performance.

Source: @ISABELNET_SA, @MorganStanley

 

Alternatives: PE acquisitions are surging this year. Given frothy valuations, the latest vintages are likely to underperform.

Source: Tara Lachapelle, @bopinion Read full article

 

Credit: As discussed previously, the loan-to-deposit ratio continues to decline, especially for large banks. The recent declines have been driven by the Fed’s QE, which sharply boosted deposits.

Source: Mizuho Securities USA

 

By the way, the table below illustrates how QE increases deposits in the banking system.

Source: Longview Economics

 

Rates: QE tapering tends to flatten the yield curve.

Source: Longview Economics

 

Food for Thought:  Lawn and garden equipment emissions:

Source: Bloomberg Read full article

Edited by Richard Holmes

Contact the Daily Shot Editor: Editor@DailyShotLetter.com


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