The Daily Shot Brief – July 8th, 2022



The United States: To begin, layoffs have picked up, but most workers are finding jobs quickly as the job market remains tight.

Source: The Daily Shot
Source: @axios  Read full article


The United Kingdom: The pound strengthened substantially vs. the euro after the news of Boris Johnson’s resignation.

Source: The Daily Shot


The Eurozone: HSBC expects inflation in France to ease as the government prevents the full pass-through of energy price rises, rather than subsidizing income.

Source: HSBC Global Research


China: China is considering a massive stimulus package to focus on infrastructure. Copper prices rose in response.

Source: Bloomberg  Read full article


Equities: We are in for a rough earnings season.

Source: Piper Sandler


Global Developments: Despite the headwinds, global manufacturing activity held up relatively well last month.

Source: S&P Global PMI


Energy: In energy markets, crude oil futures open interest has been deteriorating.

Source: @LizAnnSonders


Food for Thought: Lastly, here are US inflation-adjusted stock market returns during past episodes of turmoil:

Source: BofA Global Research

Edited by William Villacis

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