The Daily Shot Brief – August 6, 2026
This is the Daily Shot Brief, an abridged version of The Daily Shot. If you would like to subscribe to the full-length Daily Shot (see example), please register here.
United States
ADP private payrolls slowed sharply across establishment sizes.
Europe
The Swiss unemployment rate climbed higher.
Japan
Foreign investors shifted to net sellers of Japanese equities.
Asia-Pacific
South Korea’s current account surplus reached another all-time record high.
Equities
US IPOs from 1980 to 2024, on average, lagged the broader market by 21 percentage points over their first three years.
Credit
First-lien loan recoveries are deteriorating sharply as liability-management maneuvers, weaker collateral, and thinner junior-debt cushions erode seniority, prompting wider distressed-loan risk premiums.
Global Developments
EM carry has outperformed other FX strategies this year.
