The Daily Shot Brief – March 16th, 2023

Greetings,

 

Credit: Despite mounting banking fears, European banks are generally in good shape.

Source: Wells Fargo Securities

 

Another regional bank spooking investors is First Republic Bank, which had its debt downgraded to BB. Below is the bond price.

Source: The Daily Shot
Source: Fitch Ratings  Read full article

 

Energy: Crude oil has been under pressure amid bank crisis fears.

Source: The Daily Shot
Source: Reuters  Read full article

 

Commodities: Gold has been rallying together with the US dollar. That’s highly unusual, indicating a rush into “safe-haven” assets.

Source: @TheTerminal, Bloomberg Finance L.P.
Source: Reuters  Read full article

 

The United States: Retail sales declined last month. Here are the contributions.

Source: @GregDaco

 

Emerging Markets: Turkey’s government deficit has blown out.

Source: The Daily Shot
Source: Bloomberg Tax  Read full article

 

Food for Thought: To conclude, here are views on China in the US:

Source: Alpine Macro

Edited by William Villacis

Contact the Daily Shot Editor: Brief@DailyShotResearch.com


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