The Daily Shot Brief – November 8th, 2023



The United States: Tight bank lending standards indicate high recession odds.

Source: Deutsche Bank Research


Europe: The Czech koruna has been sagging, with EUR/CZK maintaining the uptrend channel.

Source: The Daily Shot


Commodities: Gold and oil have been highly correlated in recent days.

Source: Robert Fullem, Bloomberg


Energy: Energy shares have been under pressure in recent days.

Source: The Daily Shot


Equities: The correlation between stocks and bonds remains elevated.

Source: The Daily Shot


Rates: China’s holdings of Treasuries continue to decline alongside the Fed’s QT.

Source: SOM Macro Strategies


Food for Thought: Contributions to CO2 emissions:

Source: @climate


Edited by Josh Oldmixon

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