The Daily Shot Brief – June 10th, 2024


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

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