The Daily Shot Brief – June 13th, 2022



The United States: The CPI report surprised to the upside again. The headline CPI index re-accelerated to hit a multi-decade high. While goods inflation is easing, food, energy, and core services CPI sped up last month.

Source: ING

Also, the biggest problem for the Fed may not even be the CPI surprise. Instead, it could be the chart below. Are longer-term inflation expectations becoming unanchored?

Source: Daily Shot


The Eurozone: Supply chain disruptions and higher input prices have delayed the recovery from the pandemic.

Source: ECB


China: Credit growth rebounded in May, topping expectations.

Source: Daily Shot


Cryptocurrency: Ethereum is widening its underperformance against Bitcoin.

Source: Daily Shot


Equities: The S&P 500 forward P/E is nearing 16x as traders lose confidence in earnings forecasts, amid concerns about falling margins.

Source: Daily Shot


Food for Thought: Lastly, let’s take a look at America’s trading partners.

Source: Visual Capitalist Read full article


Edited by Alexander Bowers

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