The Daily Shot Brief – September 1st, 2020


Administrative Updates

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United States: Longer-term inflation expectations continue to climb. The market is increasingly convinced that by letting the economy run hot (and not worrying too much about “full employment”), the Fed may reach its 2% goal.

Source: Daily Shot


However, to get the average inflation rate to 2%, the Fed will need price changes to hold above the target for quite some time. But does this policy run the risk of overheating the financial markets?

Source: @WSJ Read full article


China: China’s external debt hit a record high.

Source: Barclays Research


In addition, Hong Kong has blown out its budget.

Source: Daily Shot


Emerging Markets: Mexico’s loan growth continues to slow, with consumer credit shrinking rapidly.

Source: Goldman Sachs


Commodities: This chart shows rising EU demand for materials used in electric cars and renewable energy.

Source: @financialtimes Read full article


Equities: JP Morgan says that the likelihood of a Trump victory has increased recently.

Source: JP Morgan, @markets Read full article


The combination of the above trend and the falling odds of Democrats flipping the Senate should boost tax-sensitive shares.

Source: @PredictIt


Food For Thought: Ads targeting Senate races:

Source: @WSJ Read full article

Edited by Devon Lall

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