The Daily Shot Brief – October 14th, 2022

Greetings,

 

The United States: Once again, the CPI report surprised to the upside, pointing to entrenched inflation in the US. Here are the contributions.

Source: @TheTerminal, Bloomberg Finance L.P.

 

The year is expected to end with the fed funds rate at 4.5%. The market sees the terminal rate approaching 5% next year.

Source: The Daily Shot

 

Equities: Stocks have decoupled from economic surprises (the market is pricing in a recession).

Source: Deutsche Bank Research

 

Which factors do companies report as having a negative impact on earnings?

Source: @FactSet  Read full article

 

Energy: US diesel shortages are worsening. Below is the inventory level of US distillates (in barrels).

Source: EIA

 

Asia – Pacific: Singapore’s central bank continues to tighten monetary policy by guiding the currency higher.

Source: ING

 

Commodities: Average daily volume and open interest in aluminum futures have risen this year

Source: CME Group

 

Food for Thought: To conclude the week, here is a Gen-Z cheat sheet for teachers:

Source: James Callahan  Read full article

Edited by William Villacis

Contact the Daily Shot Editor: Brief@DailyShotResearch.com


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