Greetings,
The United States: Mortgage applications continue to track 2023 levels.
Canada: CAD/USD held long-term support with improving momentum and a reduction in extreme short positioning.
Europe: Sweden’s services PMI beat expectations, returning to expansion.
Equities: Wall Street’s year-end 2025 S&P 500 targets have shifted decisively higher, with several strategists now projecting gains of 10% or more as tariff concerns ease.
Credit: Community banks have seen a dramatic decline in both count and asset share over the past four decades. As Michelle Bowman assumes the Fed’s top regulatory role with a pro-community bank stance, attention will turn to whether her deregulatory approach can arrest this long-standing consolidation trend.
Food for Thought: Usage of social media platforms among US adults:
Edited by Abraham Lent
Contact the Daily Shot Editor: Brief@DailyShotResearch.com
Subscribe to the Daily Shot Brief
