The Daily Shot Brief – June 10th, 2024

Greetings,

We want to begin by sharing that one of our favorite weekend reads, the Weekly S&P500 ChartStorm by Callum Thomas, has released a Major Report on the US stock market (available here). This pack contains 91 charts covering perspectives on price, fundamentals, sectors, styles, asset allocation, and a selection of market curiosities to challenge your perspective.


 

The United States: Conversely, the Household Survey data indicated a sharp decline in employment, suggesting that the official figures from the Establishment Survey may be subject to downward revisions.

Source: @TheTerminal, Bloomberg Finance L.P.

 

Europe: Sweden’s service activity is treading water.

Source: The Daily Shot

 

Japan: The Economy Watchers Survey Expectations Index continues to tumble.

Source: The Daily Shot

 

Cryptocurrency: Hedge funds have built a substantial short position in bitcoin futures. Note that some of these positions may be against cash or ETF holdings.

Source: The Daily Shot

 

Commodities: Speculative accounts are now net short sugar futures.

Source: The Daily Shot

 

Equities: Investor sentiment continues to be upbeat, according to positioning data.

Source: Goldman Sachs; @MikeZaccardi

 

Food for Thought: United Nations Security Council vetoes by country:

Source: The Economist

 


Edited by Josh Oldmixon

Contact the Daily Shot Editor: Brief@DailyShotResearch.com




Leave a Reply