The Daily Shot Brief – September 6th, 2022

Greetings,

 

The United States: The probability of a 75 bps Fed rate hike this month dropped in response to the employment report as labor force participation improved and wage growth edged lower. The labor market is showing signs of loosening.

Source: The Daily Shot

 

The ISM Manufacturing PMI held up well in August, suggesting that factory activity remains in growth mode. Here are the contributions:

Source: The Daily Shot

 

The United Kingdom: The 2-year gilt yield continues to surge as the market prices in more BoE rate hikes.

Source: The Daily Shot

 

The Eurozone:  Manufacturing growth has stalled at the Eurozone level.

Source: S&P Global PMI

 

Energy: Moscow says Nord Stream will remain shut:

Source: The Guardian  Read full article
Source: The Daily Shot

 

Equities:  The post-Jackson-Hole one-week selloff has been severe.

Source: @bespokeinvest  Read full article

 

This chart shows current US index valuations relative to the 20-year averages.

Source: Truist Advisory Services

 

Food for Thought: To conclude, here is US cash usage today vs. five years ago:

Source: Gallup   Read full article

Edited by William Villacis

Contact the Daily Shot Editor: Brief@DailyShotResearch.com


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