The Daily Shot Brief – March 21st, 2023

Greetings,

 

The United States: The NY Fed’s regional index was well below forecasts, as demand slumped.

Source: The Daily Shot

 

The spread between wage growth for “job switchers” and “job stayers” tightened sharply last month, suggesting that demand for labor may be easing.

Source: The Daily Shot

 

The Eurozone: Investors are bullish on Eurozone vs. US equities.

Source: BofA Global Research

 

China: The World Economics SMI report showed a further acceleration in China’s business activity this month.

Source: World Economics

 

Equities: The stock-bond correlation has turned negative since the SVB fiasco.

Source: The Daily Shot

 

Credit: European banks’ CDS spreads are not signaling a contagion.

Source: The Daily Shot

 

Commodities: The rebound in wheat prices is fading.

Source: The Daily Shot
Source: @KF_Wright, @markets  Read full article

 

Food for Thought: Lastly, here are mentions of “ChatGPT” vs. “inflation” on Twitter:

Source: BofA Global Research

Edited by William Villacis

Contact the Daily Shot Editor: Brief@DailyShotResearch.com


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