The Daily Shot Brief – March 25th, 2021



United States: Short-term market-based inflation expectations are pricing in 2.1-2.3% core PCE inflation one and two years ahead.

Source: Deutsche Bank Research

Adjusted for COVID-related changes in spending patterns, the CPI is substantially higher.

Source: @lisaabramowicz1 Read full article


United Kingdom: Oxford Economics expects the pound to strengthen over the next few years.

Source: Oxford Economics


China: Stocks continue to underperform.

Source: The Daily Shot

Renewed talk of US delistings is pressuring tech stocks.

Source: @next_china


Equities: Public pensions are heavily overweight equities.

Source: Deutsche Bank Research

However, private pensions returned to a more balanced 50/50 equity/fixed income mix over the past decade.

Source: Deutsche Bank Research


Rates: The long-bond selloff looks overextended.

Source: Hugo Ste-Marie, Portfolio & Quantitative Strategy Global Equity Research, Scotia Capital


Food For Thought: The US $1.9 trillion fiscal package:

Source: @financialtimes Read full article

Edited by Daniel Moskovits

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