Greetings,
United States: Jobless claims are approaching pre-COVID levels.
![The Daily Shot Brief – November 12th, 2021](https://thedailyshot.com/wp-content/uploads/US-Claims-approaching-pre_COVID-levels2111120523.png)
Most of the “labor slack” is gone (2 charts).
![The Daily Shot Brief – November 12th, 2021](https://thedailyshot.com/wp-content/uploads/US-Labor-Slack2111120523.png)
![The Daily Shot Brief – November 12th, 2021](https://thedailyshot.com/wp-content/uploads/US-Labor-surplus-faded2111120523.png)
China: Coal futures prices continue to fall as Beijing forces out “speculators.”
![The Daily Shot Brief – November 12th, 2021](https://thedailyshot.com/wp-content/uploads/CH-Coal2111120523.png)
Equities: The share of companies beating earnings and sales estimates has moderated in the Q3 reporting season.
![The Daily Shot Brief – November 12th, 2021](https://thedailyshot.com/wp-content/uploads/EQ-Beats2111120523.png)
Credit: Inflows into MBS funds have accelerated recently.
![The Daily Shot Brief – November 12th, 2021](https://thedailyshot.com/wp-content/uploads/CR-Inflows-into-MBS2111120523.png)
Rates: The 2-5-10 Treasury butterfly spread has blown out, as the belly of the curve takes a hit. Investors expect the Fed to be more aggressive in fighting surging inflation.
![The Daily Shot Brief – November 12th, 2021](https://thedailyshot.com/wp-content/uploads/RA-Belly2111120523.png)
Food for Thought: Black Friday shopping plans:
![The Daily Shot Brief – November 12th, 2021](https://thedailyshot.com/wp-content/uploads/VTC-Black-Friday-shopping-AAA2111120523.png)
Edited by Daniel Moskovits
Contact the Daily Shot Editor: Editor@DailyShotLetter.com