The Daily Shot Brief – June 25th, 2024

Greetings,

 

The United States: For the first time, the average economist’s forecast (compiled by Bloomberg) shows less than two full Fed rate cuts by the end of the year.

Source: The Daily Shot

 

CapEx spending has been tepid despite high profits.

Source: TS Lombard

 

Europe: Unlike in prior years, the SNB has been avoiding selling the Swiss franc to curb its rapid appreciation, opting to use rate cuts instead. Falling Swiss franc deposits suggest that the SNB is not buying foreign currency.

Source: The Daily Shot

 

Emerging Markets: Mexico’s economic activity registered a pullback in April.

Source: The Daily Shot

 

Commodities: Traders continue to boost their bets on gold futures.

Source: The Daily Shot
Source: CNBC   Read full article  

 

Equities: The options market assigns a 30% probability of NVIDIA returning to its highs (of around $140) by the end of the year.

Source: The Daily Shot

 

Credit: There has been a pickup in news stories mentioning US Chapter 11 bankruptcies.

Source: @TheTerminal, Bloomberg Finance L.P.

 

Food for Thought: Lyme disease cases:

Source: USAFacts

Edited by William Villacis

Contact the Daily Shot Editor: Brief@DailyShotResearch.com




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