The Daily Shot Brief – October 31st, 2022

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The United States: Household consumption remains resilient despite the headwinds, with spending rising again in September.

Source: Daily Shot

Robust spending means more hikes from the Fed and rates remaining higher for longer. Economists now see the terminal rate at 5%.

Source: @business, @SteveMatthews12, @SarinaYoo Read full article


The Eurozone: A large portion of the euro’s decline has been driven by the US dollar’s strength.

Source: Simon White, Bloomberg Markets Live Blog


Commodities: Wheat surged after Russia pulled out of the Ukrainian grain export deal.

Source: S&P Global Commodity Insights
Source: Daily Shot


Energy: Saudi oil revenue surged this year.

Source: @JavierBlas, @opinion Read full article


Equities: The Reddit crowd doesn’t exhibit significant participation in the recent equity bounce.

Source: Daily Shot

Volatility markets are focused on the payrolls and the CPI reports. Here is the S&P 500 implied vol term structure.

Source: Daily Shot


Rates: It’s been a really bad year for Treasuries.

Source: BofA Global Research


Food for Thought: Here’s a look at Krispy Kreme’s revival.

Source: @chartrdaily


Edited by Alexander Bowers

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