The Daily Shot Brief – March 23rd, 2023



The United States: The FOMC raised its inflation forecasts for both the current year and 2024.

Source: The Daily Shot


The market is now well below the FOMC’s rate projections.

Source: @TheTerminal, Bloomberg Finance L.P.


The United Kingdom: The CPI report surprised to the upside.

Source: The Daily Shot
Source: CNBC  Read full article


Japan: Japanese banks have significantly outperformed since the yield curve control (YCC) band widened in December 2022.

Source: BCA Research


Equities: Bank shares tumbled after Treasury Secretary Yellen’s comments on deposit guarantees.

Source: The Daily Shot
Source: CNBC  Read full article


Credit: European financials’ CDS spreads are tightening.

Source: The Daily Shot


Energy: Gasoline futures jumped as inventories tumbled.

Source: The Daily Shot


Food for Thought: Lastly, here is US production of high-tech equipment:

Source: Yardeni Research

Edited by William Villacis

Contact the Daily Shot Editor:

If you would like to subscribe to the full-length Daily Shot (see example), please register here.

Leave a Reply