The Daily Shot Brief – March 25th, 2022

Greetings,

 

The United States: To begin, we have an update on the labor market. The seasonally-adjusted indicator for initial jobless claims is at its lowest since 1969,  when the US population was much smaller.

The Daily Shot Brief – March 25th, 2022
Source: The Daily Shot

 

The tightening of the labor market comes as the Fed weighs a 50bps rate increase. Historically, tighter monetary policy combined with rising oil prices has preceded recessions.

The Daily Shot Brief – March 25th, 2022
Source: TS Lombard

 

The Eurozone: Business activity was surprisingly resilient in the Eurozone this month, given the geopolitical/inflation backdrop. Here is the Eurozone composite PMI (above consensus).

The Daily Shot Brief – March 25th, 2022
Source: IHS Markit

 

Commodities: In commodity markets, plastic costs are going up with crude oil.

The Daily Shot Brief – March 25th, 2022
Source: @WSJ Read full article

 

Equities:  Equity risk premium shifted from relatively attractive to expensive levels in a matter of days.

The Daily Shot Brief – March 25th, 2022
Source: Bloomberg

 

Emerging Markets: In contrast to other EM economies, China’s money flows have turned negative.

The Daily Shot Brief – March 25th, 2022
Source: IIF

 

Food for Thought: Lastly, let’s look at private vehicle charging vs. fuel costs in the UK.

The Daily Shot Brief – March 25th, 2022
Source: @resfoundation

Edited by William Villacis

Contact the Daily Shot Editor: Brief@DailyShotResearch.com


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