The Daily Shot Brief – May 13th, 2022



Equities: To begin, over half of S&P 500 stocks are in a bear market (down 20% or more from their 52-week highs).

Source: SentimenTrader


The market expects slower economic growth/recession to cut both revenues and margins, pushing PE ratios sharply lower.

Source: Yardeni Research


The United States: The April PPI print was roughly in line with expectations. However, there were signs in the PPI report pointing to some moderation in the PCE inflation index (which will be reported later this month)

– Headline PPI (month-over-month):

Source: The Daily Shot


– Excluding trade services (business makeups), the core PPI is still running hot

Source: The Daily Shot


The Eurozone: The euro is near a 2-decade low vs. the USD.

Source: The Daily Shot


Credit: In credit markets, May has been a tough month for leveraged loans.

Source: @lcdnews  Read full article


Food for Thought: Lastly, let’s take a look at correlations between IQ scores and various traits:

Source: BCA Research

Edited by William Villacis

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