The Daily Shot Brief – July 1, 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
Year-over-year same-store sales growth measured by the Redbook Index accelerated further to the strongest level since October 2022.
Canada
The monthly GDP rebounded strongly in April, alleviating recession concerns. However, the preliminary estimate for May indicates a significant slowdown.
Japan
The Bank of Japan’s Tankan survey for Q2 showed that large manufacturers’ sentiment surged to its highest level since March 2018, driven by an AI investment boom and stable trade relations.
Asia-Pacific
South Korea’s exports surged to a new record high, …
China
The RatingDog manufacturing PMI edged down, but still marked the strongest quarter since Q4 2020. The expansion was driven by sustained domestic new orders, while new export business fell for a second month.
Emerging Markets
Frontier-market sovereign credit spreads have tightened to near historic lows even as debt burdens and fiscal pressures have worsened, highlighting unusually strong investor risk appetite.
Equities
Chip stocks had the best quarter on record.
Rates
Treasuries across the curve have underperformed cash so far this year. The front- and long-end Treasuries outperformed the belly.
