The Daily Shot Brief – July 21, 2026

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United States

Goldman expects a slowdown in real disposable cash flows in the second half of the year, weighing on consumer spending.

Source: Goldman Sachs, “Global Views: Renewed Escalation vs. Lower Inflation” (July 2026)

Canada

The Bank of Canada’s preferred core measures, CPI-median and CPI-trim, both decelerated to below 2%.

United Kingdom

The unemployment rate held steady, defying consensus expectations of an increase.

Euro Area

Pantheon Macroeconomics’ nowcast model points to robust Q2 growth.

Source: Pantheon Macroeconomics

Asia-Pacific

The Kospi has become the world’s most volatile major equity benchmark this year, nearly twice as volatile as Japan’s Nikkei 225—and even more volatile than Bitcoin.

Source: @markets Read full article

China

Household disposable income per capita rose in the second quarter.

Source: Goldman Sachs, “China Consumer Dashboard: 2026Q2: Consumption momentum softened sequentially” (July 2026).

Equities

This map shows how much of each market’s revenue is generated from domestic sources.

Source: Morningstar

Global Developments

Is global PMI about to turn?

Source: @Callum_Thomas