The Daily Shot Brief – October 15th, 2020

Greetings,

 

China: Consumer inflation continues to moderate, with the September figures coming in below market expectations.

Source: The Daily Shot

Slower food inflation, particularly pork, has been dragging the headline CPI lower. China has made progress in rebuilding its pig population while also boosting pork imports.

Source: The Daily Shot

 

Eurozone: The rebound in industrial production stalled in August.

Source: The Daily Shot

Gains have been uneven, with Germany underperforming.

Source: Pantheon Macroeconomics

 

United States: Market-based inflation expectations continue to signal higher consumer inflation ahead.

Source: ANZ Research

 

Energy: Goldman expects oil prices to climb next year (much more than is currently priced into the market).

Source: @ISABELNET_SA, @GoldmanSachs

 

Equities: Flows in and out of QQQ (Nasdaq 100 ETF) have been massive. Some suggests that these swings are due to dealers’ enormous options exposure. QQQ, which is highly liquid, is sometimes used as a delta hedge against short portfolios of single-stock options.

Source: @markets Read full article

 

Food For Thought: Common coronavirus conspiracy theories:

Source: Statista

Edited by Daniel Moskovits

Contact the Daily Shot Editor: Editor@DailyShotLetter.com


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