The Daily Shot Brief – September 25th, 2023



The United States: US financial conditions have been tightening, driven by a stronger US dollar, higher yields, wider credit spreads, and a pullback in stocks.

Source: The Daily Shot


Equities: Retail investors are not as keen on buying the dip in the current selloff.

Source: Vanda Research


Credit: Which sectors have the highest share of 2024 and 2025 bond maturities?

Source: BofA Global Research; @MikeZaccardi, @TheStalwart


Europe: Switzerland and the UK, which held rates unchanged, saw their currencies underperform last week.

Source: The Daily Shot


China: According to the World Economics SMI report, inflation has returned to China’s services sector.

Source: World Economics


Emerging Markets: Real rate differentials are less supportive of EM carry trades.

Source: PGM Global


Food for Thought: US automakers’ market capitalization per employee:

Source: Jack Ablin, Cresset Wealth Advisors

Edited by William Villacis

Contact the Daily Shot Editor:

If you would like to subscribe to the full-length Daily Shot (see example), please register here.

Leave a Reply