The Daily Shot Brief – May 7th, 2024



The United States: The sharp decline in the Citi Economic Surprise Index points to downside risks in Treasury yields.

Source: @TheTerminal, Bloomberg Finance L.P.  


The Eurozone: The ECB is on track to cut rates next month.

Source: The Daily Shot
Source: Reuters   Read full article  


The composite April PMI index has confirmed the Eurozone’s return to growth.

Source: S&P Global PMI  


Commodities: Weather derivatives have become very popular.

Source: @markets   Read full article  


Equities: The S&P 500 equal-weight index has been underperforming the capitalization-weighted index, while small caps have been outperforming, marking an unusual trend.

Source: The Daily Shot


Rates: How much would yields need to rise to wipe out a year’s worth of interest income?

Source: @markets   Read full article  


Global Developments: The Suez Canal ship transit volume has deteriorated further.

Source: The Daily Shot


Food for Thought: Battery manufacturing overcapacity:

Source: @colinmckerrache, @BloombergNEF   Read full article  

Edited by William Villacis

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