Greetings,
The United States: First, the third-quarter GDP growth was a bit better than expected, with a decline in imports boosting net exports.
Soft-data (survey-based) economic surprises are turning lower, which will be showing up in hard-data surprises in the months ahead.
The United Kingdom: The “Truss premium” on mortgage rates remains elevated.
The Eurozone: The ECB hiked rates by 75 bps and scaled back support for the banking system.
Japan: The Tokyo core CPI climbed above 2% this month, topping expectations.
Equities: Trailing earnings and forward estimates for tech have flatlined this year.
Energy: The US supply response to higher oil prices has been limited in this cycle.
Food for Thought: Here are VR/AR hardware user count projections over the next 5 years:
Edited by William Villacis
Contact the Daily Shot Editor: Brief@DailyShotResearch.com
