The Daily Shot Brief – March 2nd, 2023

Greetings,

 

The United States: Input prices for manufacturers started rising again last month, further spooking bond markets.

Source: The Daily Shot

 

The Eurozone:  Upside surprises in recent CPI reports from Germany, France, Spain, and Belgium point to a reacceleration in inflation at the Eurozone level.

Source: Pantheon Macroeconomics

 

Credit: Mutual fund inflows into US investment-grade credit increased this year, outpacing ETF flows.

Source: Morgan Stanley Research

 

Energy: US gross crude oil exports are hitting record highs.

Source: The Daily Shot

 

Emerging Markets: Market pricing of sovereign credit risk is meaningfully higher since 2010 for countries such as Turkey, Argentina, and South Africa.

Source: Codera Analytics  Read full article

 

Global Developments: Here is a look at February and year-to-date performance across major assets. The risk-on rally ran out of steam last month.

Source: Deutsche Bank Research

 

Food for Thought: Lastly, here are average US tax refunds by year:

Source: Earnest

Edited by William Villacis

Contact the Daily Shot Editor: Brief@DailyShotResearch.com


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