The Daily Shot Brief – November 3rd, 2022

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The United States: The fed funds rate terminal rate is now expected to peak above 5% in May.

Source: The Daily Shot


The October gains in the ADP private payrolls report topped forecasts.

Source: Reuters  Read full article
Source: The Daily Shot


Equities: The market reaction to Chair Powell’s press conference was severe. It was not the “pivot” markets wanted to see.

Source: @bespokeinvest


Materials, financials, and consumer discretionary sectors have seen the largest downward revisions to earnings estimates, while the communication services sector has seen the largest increase.

Source: Global X ETFs  Read full article


The Eurozone: The final manufacturing PMI report for the Eurozone was worse than the October flash figures.

Source: S&P Global PMI


China: Local currency bank loans had their largest reading in September in about 30 years. Some banks are inflating loan volumes to meet government targets amid weak credit demand, according to PGM Global.

Source: PGM Global


Cryptocurrency: 47% of the top 50 altcoins have outperformed bitcoin over the past month, indicating a neutral stance among crypto traders.

Source: Blockchain_Center


Food for Thought: To conclude, here is a diagram of micromobility investments:

Source: McKinsey & Company  Read full article

Edited by William Villacis

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