The Daily Shot Brief – June 17, 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
Oxford Economics noted that despite a recent acceleration in US job growth, broader labor market indicators remain weaker than in 2019 and are disinflationary.
United Kingdom
Headline inflation unexpectedly held steady at 2.8%, as lower food prices offset increases in transport and energy-related costs. Core inflation ticked up slightly to 2.6% but was also below expectations.
Euro Area
Euro area wage growth accelerated in Q1.
China
China’s four largest solar makers have lost money every quarter since 2024.
Emerging Markets
EM semiconductor earnings forecasts have risen even faster than in the US.
Equities
Variant Perception’s business cycle financing index, which leads the relative returns between the Russell 2000 and the S&P 500, has turned over, contributing to its call to be underweight small caps.
Energy
Goldman Sachs has reduced its oil price forecast for Q4 2026 from $90 to $80, and its 2027 average forecast was lowered from $80 to $75.
