The Daily Shot Brief – September 19th, 2023



The United States: Increased talk of a “soft landing” tends to precede a recession.

Source: @AnnaEconomist, @economics  Read full article


Homebuilder sentiment unexpectedly dipped this month as elevated mortgage rates and reduced affordability erode demand.

Source: The Daily Shot
Source: Reuters  Read full article


Rates: Historically, the timing of the last rate hike coincided with a cycle peak in the 10-year Treasury yield.

Source: Deutsche Bank Research


Energy: The recent crude rally has been driven mostly by higher demand.

Source: @ZiadMDaoud   Read full article


Global Developments: Speculative accounts have covered their bets against the dollar.

Source: The Daily Shot


Canada: Industrial producer prices jumped last month.

Source: The Daily Shot


Commodities: Sugar futures hit a multi-year high amid export restrictions in Asia and concerns about the sugar cane harvest in Brazil.

Source: The Daily Shot


Food for Thought: Here is reliance on key minerals in vehicle production:

Source: Gavekal Research

Edited by William Villacis

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