The Daily Shot Brief – November 4th, 2022

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The United States: Jobless claims hit another multi-year low for this time of the year and are firmly below pre-COVID levels. The labor market strength continues to top expectations.

Source: Daily Shot

The terminal rate, also called the peak fed funds rate, continues to climb as the market expects the Federal Reserve to maintain pressure for longer.

Source: Daily Shot


Canada: Exports boosted Canada’s trade surplus.

Source: Bloomberg Read full article
Source: Daily Shot


Emerging Markets: There has been a large dispersion in EM equity returns this year.

Source: PGM Global


Commodities: Iron ore bounced from the lows on China reopening hopes.

Source: Daily Shot


Equities: Earnings are increasingly important to performance. Companies with higher earnings revisions have been consistent outperformers since July.

Source: @MichaelKantro

Energy stocks continue to outperform the S&P 500.

Source: Daily Shot


Credit: There is concern about a major credit event in the works.

Source: @WSJ Read full article


Food for Thought: Lastly, here’s a look at where are Russia’s newest soldiers coming from.

Source: The Economist Read full article


Edited by Alexander Bowers

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