The Daily Shot Brief – May 10th, 2023

Greetings,

 

The United States: The NFIB small business sentiment index hit a multi-year low last month.

Source: The Daily Shot
Source: Reuters

 

The United Kingdom: Here is a summary of the local elections.

Source: @financialtimes

 

The Eurozone: Italy’s exports to China surged recently. This is mostly because of demand for a generic liver drug made in Italy that is rumored to prevent COVID-19, according to IIF. (2 charts)

Source: @RobinBrooksIIF
Source: @RobinBrooksIIF

 

Cryptocurrency: Crypto funds saw the third consecutive week of outflows.

Source: CoinShares

 

Energy: Largest US energy companies are sitting on a lot of cash.

Source: WSJ

 

Equities: The stock-bond correlation is moving deeper into negative territory.

Source: @WSJ

 

Credit: The Fed has never tested for a rate shock in the CCAR stress tests.

Source: Goldman Sachs

 

Food for Thought: Valuations of US sports franchises:

Source: Opto Monthly

 


Edited by Josh Oldmixon

Contact the Daily Shot Editor: Brief@DailyShotResearch.com


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